Terminates plan to buy TSH estates
■ KLK revealed that it has terminated its two CSSPAs with TSH to acquire two
of the latter’s Indonesian palm oil subsidiaries for US$110m.
■ This was due to certain conditions of the agreements not being satisfied.
■ The non-completion of the deals will allow KLK to focus on deriving synergies
on its proposed acquisition of IJMP. Maintain Add.