Ajinomoto accepts RM166mil compensation award for land


Ajinomoto attributed its better results to higher domestic sales and better margins from export sales arising from the appreciation in US dollar.

PETALING JAYA: Ajinomoto (M) Bhd has accepted the compensation award of RM165.99mil in cash by the Kuala Lumpur land administrator.

In a filing with Bursa Malaysia, the company said it had accepted the award of compensation, in respect of the compulsory acquisition of the 7.58-acre land which housed one of its plants.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Filling a vacuum
YTL Power’s fate hinges on data centre growth
Can WealthTechs steal market share?
Profitability within Top Glove’s grip
Schools affect property prices
When a quiet road becomes a noisy highway
Relocation made easy
Maybank offers flood relief assistance to affected customers nationwide
Ringgit seen trading at 4.42-4.44 with upside bias against US dollar next week
Robust earnings drive Public Bank’s profit optimism

Others Also Read