KUALA LUMPUR: Kuala Lumpur Kepong Bhd
(KLK), via its wholly-owned unit KL Kepong Plantation Holdings Sdn Bhd, will acquire 90% of the issued and paid-up capital of PT Mulia Agro Permai consisting 2,700 ordinary shares for US$2.03mil.
PT Mulia owns about 9,055.5 hectares with Hak Guna Usaha Title in Sampit, central Kalimantan, Indonesia, which it intends to develop into oil palm plantations.
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