PUCHONG (March 13): IOI Corp Bhd founder and executive chairman Tan Sri Lee Shin Cheng said multinational companies are still sourcing palm oil from the group. Following the suspension of The Roundtable on Sustainable Palm Oil (RSPO) in March last year, major multinational brands such as Unilever, Kellogg’s, Colgate-Palmolive, Johnson & Johnson, Procter & Gamble, SC Johnson, Yum! Even though the suspension was later lifted in August last year, some analysts were concerned whether IOI Corp could win back their customers. Analysts said it is still unknown as to how fast IOI Corp could get back their orders. At 12.30pm, shares of IOI Corp were up 2 sen or 0.43% at RM4.68, for a market capitalisation of RM29.3 billion.

Source: The Edge Markets March 13, 2017 05:49 UTC