10/10/2014 (RTT News) - New Britain Palm Oil Limited (NBPO.L), or NBPOL, reported that Kulim has welcomed the announcement made by Sime Darby Plantation of its intention to make a takeover offer for all of the shares in NBPOL. Kulim intends to convene an extraordinary general meeting of its shareholders to consider, and if thought fit, approve the disposal of Kulim's entire interest in NBPOL.

Kulim's proposed acceptance of Sime Darby's intended offer will result in Kulim disposing its entire equity interest in NBPOL comprising 73,482,619 NBPOL's shares at the offer price of GBP 7.15 per NBPOL Share for a disposal consideration approximately GBP 525.40 million.

Kulim will release an announcement pursuant to Chapter 10 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad once it receives the formal offer from Sime Darby Plantation.