<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 21): Kuala Lumpur Kepong Bhd (KLK) has signed a conditional share subscription agreement to subscribe for 50,400 shares or 63% stake in Indonesia's PT Perindustrian Sawit Synergi for RM13.8 million. 
 
The proposed transaction is part of KLK's expansion strategy of its palm oil downstream businesses in East Kalimantan, Indonesia. &nbsp; 
 
"The remaining 32% and 5% equity interest in Perindustrian Sawit Synergi will be held by IJM Plantations Bhd's wholly-owned subsidiary Gunaria Sdn Bhd and Mujib Moosa Modak respectively," the plantation group said in a filing with Bursa Malaysia today. 
 
The three parties will collaborate through Perindustrian Sawit Synergi to primarily focus on establishing a palm oil refinery and other downstream businesses in East Kalimantan. 
 
The proposed transaction is slated for completion in the last quarter of 2015. 
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KUALA LUMPUR (Nov 21): Kuala Lumpur Kepong Bhd (KLK) has signed a conditional share subscription agreement to subscribe for 50,400 shares or 63% stake in Indonesia's PT Perindustrian Sawit Synergi for RM13.8 million.

The proposed transaction is part of KLK's expansion strategy of i...

KL Kepong in joint venture to set up palm oil refinery in East Kalimantan

KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.

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(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.

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Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.

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KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

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Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

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KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;

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KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.

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