KUALA LUMPUR: Ekovest Bhd has given a RM213.5mil irrevocable undertaking to fully subscribe its portion of rights shares to be issued by PLS Plantations Bhd . Ekovest, controlled by its executive chairman Tan Sri Lim Kang Hoo, has a 30.4% stake in PLS Plantations. PLS Plantations has set aside RM94.5mil from the minimum amount to be raised to expand its durian plantation. In March, Ekovest paid RM76.2mil for a 23.42% stake loss-making PLS Plantations at RM1 a share. PLS Plantations, in October last year, acquired a 70% share in durian exporter Dulai Fruits Enterprise Sdn Bhd for RM21mil.

Source: The Star October 25, 2019 12:45 UTC