KUALA LUMPUR (July 30): IOI Corp Bhd’s non-binding offers to acquire several parcels of oil palm plantation land in Sabah from NPC Resources Bhd are reportedly slated for completion by the first quarter of 2022 (1Q22) although the combined offer price of RM281.22 million for the assets has yet to be finalised.

TA Securities Holdings Bhd analyst Angeline Chin wrote in a report today that IOI Corp officials said in a recent conversation with TA Securities that IOI Corp is currently conducting due diligence on the oil palm land parcels.

More to come