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Article: China : PPB Might Invest In Wilmar China, Says Osk Research.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: pinto03
OSK Research Sdn Bhd believes PPB Group Bhd might utilise the proceeds raised from the sale of its sugar units to invest in Wilmar China.
"We suspect that the proceeds would most likely be invested in Wilmar China, which is to be listed on the Hong Kong Exchange, which will probably give a bigger bang for the buck," the research firm said in its research note here on Monday.
Last Friday, PPB Group proposed disposing its 100 per cent equity interest in Malayan Sugar Manufacturing Company Bhd to Felda Global Ventures Holdings Sdn Bhd (FGVH) for RM1.2 million.
It also proposed to sell 50 per cent of its equity interest in ...