14 January 2026 – WTK Holdings Bhd plans to acquire three plantation-related companies for RM555 million (approximately EUR 116.56 million) in cash to scale up its oil palm business following its exit from timber operations. The proposed acquisitions involve a 100% stake in Desacorp Sdn Bhd and 70% stakes in Imbok Enterprise Sdn Bhd and WTK Oil Mill Sdn Bhd from related party W T K Realty Sdn Bhd, and will expand WTK’s planted oil palm area by 82.6% to 31,809.9 hectares while strengthening integration across plantation and milling activities. The three companies recorded an aggregate profit after tax of RM44 million for FY2024, with RM36.9 million (approximately EUR 7.75 million) attributable to WTK’s acquired interests, and their estates offer favourable crop profiles for near-term and long-term yields. Based on an independent valuation, the purchase price reflects a cumulative RM11.2 million (approximately EUR 2.35 million) discount to adjusted net assets, with the independent adviser deeming the deal fair and reasonable. The acquisitions will be funded through internal funds and bank borrowings or sukuk, and are expected to be completed by the second quarter of 2026, subject to approvals.Source - https://themalaysianreserve.com/2026/01/14/wtk-seeks-shareholders-approval-for-rm555m-plantation-acquisitions/ (ICE KUALA LUMPUR)

Fonte notizia: 14 gennaio 2026, Kuala Lumpur