IJM Plantations a target, cash-rich IOI leading suitor
High demand: Among the suitors eyeing IJM Plantations, which has 61,000ha of planted area in Sabah, Kalimantan and Sumatra, are plantation groups such as IOI and Hap Seng Plantations.
PETALING JAYA: IJM Plantations Bhd 
(IJMP) has emerged as a takeover target as demand picks up for mature plantations in Sabah.
It is learnt that there is renewed demand for brown-field plantations in Sabah and prospective parties feel that the current environment is right given the low price of crude palm oil (CPO).
CPO is trading at between RM2,180 and RM2,206 per tonne, which is in the lower range of the average price of the commodity in the last three years.
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