KUALA LUMPUR - Kenanga Investment Bank Bhd hoped, Kuala Lumpur Kepong Bhd ( KLK ) would trade 20% of KLK Premier Capital Ltd, Mitsui & Co Ltd shares, about RM 154 millions which will be positive in the future.
Kenanga Investment Bank said, the transaction will give benefits to KLK Premier Capital Taiko Palm - Oleo (Zhangjiagang) Co Ltd ( TPOZ ). “KLK should get benefits from the clients in Mitsui, China and downstream business technics,” he said in a reseach note, Friday, (9/1/2015), as quoted from Bernama.
KLK Premier Capital has 100% of shares in TPOZ , a company in Jiangsu Province, China, which runs manufacture, fatty acid, glycerine, soap, triacetine trades.
In short term prospect, Kenanga Investment Bank hoped, KLK manufacture division should be running well for the increasing industrial capacity, especially in Indonesia. (T3)
