KUALA LUMPUR (Oct 26): CIMB Investment Bank Bhd said Kuala Lumpur Kepong Bhd's (KLK) planned acquisition of UK-listed M.P. Evans Group Plc is "opportunistic" and "attractive" at a time when the ringgit had strengthened against the pound sterling. Yesterday, plantation group KLK said it planned to buy plantation and real estate entity M.P. "Opportunistic acquisition by KL Kepong? KL Kepong may have viewed the recent weakness in the pound as well as the weak plantation earnings as a good opportunity to launch a takeover offer for M.P.

Source: The Edge Markets October 26, 2016 05:03 UTC