Mei Mei Chu
(Corrects and clarifies mention of “loss-making” in paragraph 11)
KUALA LUMPUR, June 9 (Reuters) - Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has proposed to acquire IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit ($371.72 million) in cash, the companies said on Wednesday.
IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
The construction group said it has agreed in principle to finalise terms of the proposed acquisition with KLK.
“After having deliberated on the merits of the offer, the board is in principle agreeable to finalise the terms and conditions with KLK . for the execution of the sale and purchase agreement,” it said.
2 Min Read
COPENHAGEN, May 28 (Reuters) - Denmark this week began incinerating 4 million mink that had been culled to curb COVID-19 mutations but began to resurface from mass burial sites, prompting renewed health concerns.
The Danish government last year decided to cull all of the country’s 17 million mink to curb a COVID-19 mutation and because the mammal was considered likely to host future mutations.
Some were buried in pits in a military area in western Denmark under two metres of soil only for some to resurface in less than a month.
Contaminants were later found under the graves in an examination carried out on behalf of the Danish Environmental Protection Agency, prompting the government to order the incineration of the the animals.
By Reuters Staff
1 Min Read
BEIJING, June 7 (Reuters) - China’s soybean imports in May rose from the previous month, customs data showed on Monday, as more cargoes from top supplier Brazil cleared customs.
China, the world’s top importer of soybeans, brought in 9.61 million tonnes of the oilseed in May, up 29% from 7.45 million tonnes in April, when some Brazilian shipments were delayed, data from the General Administration of Customs showed.
May’s imports were also up from 9.38 million tonnes in the same month a year ago. (Reporting by Hallie Gu and Shivani Singh Editing by Shri Navaratnam)
By Reuters Staff
(Adds analyst comments, background)
BEIJING, June 7 (Reuters) - China’s soybean imports rose in May from the previous month, customs data showed on Monday, as more cargoes from top supplier Brazil cleared customs.
China, the world’s top importer of soybeans, brought in 9.61 million tonnes of the oilseed in May, up 29% from 7.45 million tonnes in April, when some Brazilian shipments were delayed, data from the General Administration of Customs showed.
May’s imports were also up from 9.38 million tonnes in the same month a year ago.
“The figures were within market expectation. Imports from May-July are usually quite large each year. There were also some delayed cargoes,” said Wang Xiaoyang, analyst with Sinolink Futures.