KUALA LUMPUR: Planter Kuala Lumpur Kepong Bhd
(KLK) has extended the deadline for minority shareholders in IJM Plantations Bhd to accept its takeover offer to Nov 18.
The RM3.10 a share buyout offer was originally supposed to expire on Oct 25.
KLK in September completed the purchase of a 56.2% stake in IJM Plantations from IJM Corp for RM1.53bil, triggering a mandatory general offer to buyout the remaining shareholders in IJM Plantations.
Earlier this month. it was reported that the Employees Provident Fund (EPF) has sold its entire 12.45% stake in IJM Plantations for RM340mil, or RM3.10 a share.
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