Vast landbank: A Kulim oil palm estate. With JCorp privatising Kulim, there will be 46,000 hectares of oil palm land in Johor coming back to JCorp. Hence a revaluation of the land assets of JCorp could bring a windfall to the group.
Among others, lots of cash and a vast landbank
Johor Corp Bhd’s (JCorp) proposal to take its 62%-owned subsidiary Kulim (M) Bhd private is said to be attractive for minority shareholders, given the high offer price of RM4.10 per share.
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