Malaysia share prices opened flat on Thursday morning with the FTSE Bursa Malaysia Kuala Lumpur Composite Index little changed at 1,716.64 points, down 0.17 points.
Indonesia's Rajawali Group said yestersday it would want to hold at least 21% of Felda Global Ventures Holdings Bhd if the Malaysian firm decides to seek a controlling stake in Rajawali unit PT Eagle High Plantations Tbk.
Heng Huat Resources Group Bhd is investing RM35 million in capital expenditure (capex) to build a new oil palm empty fruit bunch (EFB) fibre manufacturing facility in Gua Musang, Kelantan.
Felda Global Ventures Holdings Bhd (FGV)'s proposed acquisition of a 37% non-controlling
equity stake in Eagle High Plantations (EHP) for US$680 million (RM2.6 billion) is deemed a steep price to pay and can result in dilution of the group's earnings.
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