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MKH Oil Palm (East Kalimantan) Berhad is a Malaysia-based company. The Company’s principal activities are investment holding and management services. Through its subsidiaries, it is principally involved in the cultivation of oil palm and production and sale of crude palm oil (CPO) and palm kernel (PK). The Company's segments include Plantation and Investment holding. It is an upstream oil palm plantation company, and its operations are based in East Kalimantan, Indonesia. Comprising mainly two oil palm estates, namely PT Maju Kalimantan Hadapan (PT MKH) and PT Sawit Prima Sakti (PT SPS), it produces and sells quality ISPO-certified CPO, as well as PK at its 18,205-hectare (HA) plantation in East Kalimantan, Indonesia. Its plantation estates and palm oil mill are located approximately 90 kilometers (km) from Samarinda, the capital of East Kalimantan; and 200km from Balikpapan, the financial center of Kalimantan.
Property developer MKH Bhd (KL:MKH) has appointed Kenanga Investment Bank Bhd as independent adviser in relation to Batu Kawan Bhd's (KL:BKAWAN) proposed RM2-a-share mandatory general offer (MGO) for the company.
theedgemalaysia.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday (July 15).
BATU Kawan Bhd’s (KL:BKAWAN) latest corporate exercise involving the buyout of plantation and property player MKH Bhd (KL:MKH) underscores the conglomerate’s appetite for mergers and acquisitions (M&A) as crude palm oil (CPO) prices remain elevated.
Industry observers caution, howev...
A major corporate exercise could take place at MKH Bhd (KL:MKH) and its 65.3%-owned subsidiary MKH Oil Palm (East Kalimantan) Bhd (KL:MKHOP), sources familiar with the company tell The Edge.
It is understood that, if all goes well, an announcement on the corporate exercise could be made...
On May 18, property developer and plantation player MKH Bhd (KL:MKH) stated that the company “categorically denies the contents of The Edge article” and added that it would make the appropriate announcement in strict compliance with the Main Market Listing Requirements of Bursa Malaysia, should t...