Malaysian planter Kulim Berhad (KULM.KL) has sold its oleochemical plant to a unit of Singaporean agribusiness firm Wilmar (WLIL.SI) for 450 million ringgit ($192 million).
PGEO Sdn. Bhd., Wilmar’s Malaysian unit, will settle the purchase in cash and take over Kulim’s over 90% stake in the oleochemical firm NatOleo that controls and operates the plant, Kulim told the stock exchange on Wednesday.
