Key Developments: Kuala Lumpur Kepong Bhd (KLKK.KL)

KLKK.KL on Kuala Lumpur Stock Exchange

23.88MYR
18 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Equatorial Palm Oil enters joint venture agreement with Kuala Lumpur Kepong Bhd's subsidiary
Friday, 11 Apr 2014 05:30am EDT 

Equatorial Palm Oil plc:Enters into a joint venture agreement with KLK Agro Plantations Pte Ltd, a wholly owned subsidiary of Kuala Lumpur Kepong Bhd (KLK), in relation to the operations and funding for its 50 pct. owned joint venture company Liberian Palm Developments Limited (LPD).LPD will receive up to $35,500,000 in cash and funding commitments.Cash is the issue of new equity in LPD to KLK Agro and EPO (through its wholly owned subsidiary Equatorial Biofuels (Guernsey) Limited (EBGL) who will each subscribe for $7,500,000 of new equity in LPD.  Full Article

Kuala Lumpur Kepong Bhd's subsidiary to dispose Somerset Cuisine
Sunday, 2 Mar 2014 07:00pm EST 

Kuala Lumpur Kepong Bhd:Says its wholly-owned subsidiary, KLKI holdings limited enters into unconditional share sale and purchase agreement with Defield Indistries Limited.For seller to dispose of 1000 ordinary shares of 1 Pound each in Somerset Cuisine representing equity interest of 100 pct therein.Purchase consideration for shares is 900,000 Pound.Following completion of proposed disposal, Somerset Cuisine shall cease to be subsidiary of KLK.  Full Article

Kuala Lumpur Kepong Bhd update on dissolution of subsidiary company
Thursday, 6 Feb 2014 07:00pm EST 

Kuala Lumpur Kepong Bhd:Says refers to the previous announcement made on Nov. 14, its subsidiary Kolb Italia Srl has been completely dissolved.  Full Article

Kuala Lumpur Kepong Bhd completes process of subsidiaries merger
Tuesday, 17 Dec 2013 07:00pm EST 

Kuala Lumpur Kepong Bhd:Says two subsidiaries namely, Kolb Holding and Kolb Distribution both of which are incorporated in Switzerland, had applied to the Commercial Register in Switzerland for a merger.Says it has received notice from the Commercial Register in Switzerland that the merger process was completed on Dec. 12.  Full Article

Kuala Lumpur Kepong Bhd's KLKI completes subscription in Equatorial Palm Oil PLC and announces required Mandatory Cash Offer
Friday, 29 Nov 2013 04:03am EST 

Kuala Lumpur Kepong Bhd:Says KLKI, a wholly owned subsidiary of Kuala Lumpur Kepong Bhd, has on Nov. 29 completed its subscription for 153,817,648 Equatorial Palm Oil PLC (EPO) Shares at 5 pence per share as announced on Nov. 26.Says, pursuant to this subscription, KLKI has a 54.8 percent shareholding in EPO and a Mandatory Cash Offer is required to be extended to all other EPO Shareholders to acquire the entire issued and to be issued share capital of EPO at 5 pence per share.Says the Offer values the whole of EPO's issued share capital at approximately 17.7 million pounds.  Full Article

Equatorial Palm Oil PLC raises 7.69 mln pounds from Kuala Lumpur Kepong Bhd's KL - Kepong International Ltd
Tuesday, 26 Nov 2013 04:00am EST 

Equatorial Palm Oil PLC:Says that, further to its announcement on Nov. 7, it has raised, in aggregate, 7.69 million pounds (before expenses) by way of a subscription for 153,817,648 new ordinary shares of 1p each in the capital of the company.Says subscription was performed by KL - Kepong International Ltd, a wholly owned subsidiary of Kuala Lumpur Kepong Bhd (KLK), at a price of 5p per share.Says the net proceeds raised will be used to further progress the development of the company's palm oil project in Liberia and for general working capital purposes.  Full Article

Kuala Lumpur Kepong Bhd Announces Final Dividend
Wednesday, 20 Nov 2013 04:18am EST 

Kuala Lumpur Kepong Bhd announced a final single tier dividend of 35 sen per share. The dividend payable on March 18, 2014 and Entitlement date on February 24, 2014.  Full Article

Kuala Lumpur Kepong Bhd Announces Members’ Voluntary Dissolution Of Subsidiary Company
Sunday, 3 Nov 2013 10:38pm EST 

Kuala Lumpur Kepong Bhd announced that Kolb Italia Srl, a wholly-owned subsidiary of KLK, will be wound up by way of a voluntary dissolution due to the weak paper chemical market outlook in Italy. Mr. Ermanno Brocardo, Piazza Luigi di Savoia, 22, 20124 Milano, Italy has been appointed the Administrator for the above dissolution.  Full Article

Kuala Lumpur Kepong Bhd's Subsidiary Announces Establishment Of Joint Venture Subsidiary
Monday, 2 Sep 2013 05:09am EDT 

Kuala Lumpur Kepong Bhd announced that its wholly-owned subsidiary, KL-Kepong Plantation Holdings Sdn Bhd ("KLKPH") has entered into a Joint Venture ("JV") with PT Astra Agro Lestari Tbk ("AAL") on August 30, 2013 whereby the parties have agreed to co-operate with regards to the marketing of refined palm oil products and provision of logistics services related to the said products. The rationale for the JV is amongst others, to establish new synergy by way of joint efforts with an Indonesian partner to further penetrate the international market. The JV will also facilitate the pooling of resources for processing and marketing in order to enjoy better economies of scale. Pursuant to the JV Agreement, KLKPH and AAL have subscribed for a 51% and 49% equity interest respectively, in a company known as Astra-KLK Pte. Ltd. ("JVCO"), making the JVCO a subsidiary of KLK Group. The JVCO is a newly incorporated company in Singapore and has a registered and paid-up capital of SGD2 million.  Full Article

Kuala Lumpur Kepong Bhd Announces Winding-Up Of Subsidiary Company
Monday, 2 Sep 2013 01:16am EDT 

Kuala Lumpur Kepong Bhd announced that with reference to the announcement dated September 24, 2012 in relation to the members' voluntary winding-up of The Kuala Pertang Syndicate Limited (KPS), a wholly-owned subsidiary of KLK and the Company announced that KPS has filed the Return of Final Winding-Up Meeting with the Companies House, United Kingdom and shall be dissolved accordingly.  Full Article

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