KUALA LUMPUR, Aug 18 Batu Kawan Bhd’s net profit for the third quarter ended June 30, 2021 (Q3 2021) rose to RM386.47 million from RM212.65 million posted in the same quarter last year. Revenue expanded by 41.2 per cent to RM5.4 billion from RM3.82 billion previously, it said in a filing with.
KUALA LUMPUR (June 9): Kuala Lumpur Kepong Bhd (KLK) has offered to acquire 494.87 million shares in IJM Plantations Bhd, representing a 56.2% equity stake, from IJM Corp Bhd for RM3.10 apiece or a total RM1.53 billion. In a filing with the bourse, it said the acquisition will require the approval of the shareholders of IJM Corp and KLK at an extraordinary general meeting to be convened by the respective companies.
Easy access: The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As.
RECENT privatisation attempts which have failed to be completed have raised the issue of whether Malaysia’s takeover code is in need of a revamp.
It is understood that some company owners and advisers have been grumbling about the strictness of the current rules. Their argument is that the rules ought to be relooked at considering that the current climate needs more merger and acquisition (M&A) activities to build stronger companies to emerge from the Covid-19 doldrums.
25 Feb 2021 / 22:35 H.
KUALA LUMPUR: Batu Kawan Bhd posted a higher net profit of RM191.35 million for the first quarter ended Dec 31, 2020 (Q1 2021) from RM103.43 million registered in Q1 2020.
Revenue increased by 5.5 per cent to RM4.44 billion from RM4.21 billion previously, the group said in a filing with Bursa Malaysia today.
The group said its plantation segment’s profit was significantly higher, rising by 79.5 per cent to RM304.63 million on the back of higher crude palm oil (CPO) and palm kernel selling prices.
However, revenue from the segment declined by 10.2 per cent to RM1.81 billion (Q1 2020: RM2.01 billion) from lower CPO sales volume, and higher unrealised loss of RM39.02 million arising from fair value changes on outstanding derivative contracts, it said.