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  1. 4 hours ago · The offer for sale, meanwhile, raised RM345.2 million, which accrued entirely to the selling shareholder, Kulim (Malaysia) Bhd — a wholly owned unit of state-owned Johor Corp — which retained a 65% stake in Johor Plantations after the listing.

  2. Jun 12, 2024 · Kulim, which was previously listed on Bursa Malaysia from 1975 to 2016, is now a wholly owned subsidiary of Johor Corp (JCorp). Upon listing on July 9, Kulim will retain a 65% stake in JPG, while the IPO would offer investors up to 35% of JPG's enlarged share capital.

  3. Jun 12, 2024 · MALAYSIAN palm oil producer Johor Plantations Group Bhd and a shareholder expect to raise about ringgit 735 million ringgit ($156 million) in an initial public offering, putting the group on track to execute the country’s biggest listing in over two years.

  4. 4 days ago · KUALA LUMPUR (March 23): Kulim (Malaysia) Bhd has consolidated all of its plantation businesses under its subsidiary Johor Plantations Bhd (formerly known as Mahamurni Plantations Sdn Bhd).

  5. Jun 13, 2024 · In 2022, Kulim completed its transformation as JCorp’s agribusiness holding company by consolidating all plantation assets under JPG. It operates 23 oil palm estates (22 in Johor and one in Pahang) and five palm oil mills.

  6. Jun 12, 2024 · JPG’s parent company, Kulim Malaysia Bhd, the plantation arm of Johor Corp and the development and investment business of the Johor government, is expected to offer shares in the IPO and...

  7. Jun 24, 2024 · Johor Plantations aims to raise a total of RM735 million, of which RM345.2 million will be raised via an offer for sale of 411 million existing shares held by its sole shareholder, Kulim (Malaysia) Bhd. Kulim is a wholly owned unit of Johor Corp.

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