MARKET DEVELOPMENT
KLK Gets Extension To Decide On Proposed Takeover Of London-Based Equatorial Palm Oil
KLK Gets Extension To Decide On Proposed Takeover Of London-Based Equatorial Palm Oil
13/11/2013 (Bernama) - Kuala Lumpur Kepong Bhd (KLK), which is in talks with London-listed Equatorial Palm Oil Plc (EPO), has received an extension from the UK Panel to decide on the proposed acquisition of EPO.
In a filing to Bursa Malaysia here Tuesday, Malaysia's third largest listed plantation company said the deadline has been extended for a month to Dec 12, 2013 from today.
The company said it would be announcing a firm intention to make an offer for EPO or vice versa.
"There can be no certainty that at the end of this period, any offer for EPO will be made," it said
In a filing to Bursa Malaysia here Tuesday, Malaysia's third largest listed plantation company said the deadline has been extended for a month to Dec 12, 2013 from today.
The company said it would be announcing a firm intention to make an offer for EPO or vice versa.
"There can be no certainty that at the end of this period, any offer for EPO will be made," it said