KUALA LUMPUR (Yosefardi) – Kuala Lumpur Kepong Berhad (KLK), through its wholly-owned subsidiary, KL-Kepong Plantation Holdings Sdn Bhd had on 10 November 2014 entered into a joint venture (JV) agreement with PT Astra Agro Lestari Tbk (AALI).
AALI will be a 50% shareholder in JV Co (proposed transaction). With the entry of AALI, JV Co shall cease to be a subsidiary of KLK.
JV Co is involved in the business of refinery and trading of palm oil refined products. The transaction is expected to be completed in the first quarter of 2015.