Day: July 29, 2024

KENINGAU, The export revenue from the cocoa industry reached RM4.8 billion as of May 2024. In a statement today, the Ministry of Plantation and Commodities said this amounted to approximately 58 per cent of the cocoa industry’s export revenue of RM8.2 billion last year. “This achievement clearly shows the industry’s importance as a catalyst for the country’s economy,” said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. The statement was released in conjunction with Johari’s visit to cocoa smallholders in Kampung Liau Ulu, here today. During the visit, the minister also officiated a post-harvest technology course, a cocoa cluster

KUALA LUMPUR, Kelington Group Bhd has entered into a conditional share sale agreement (SSA) to acquire 2.53 million ordinary shares in Ace Gases Sdn Bhd for RM35.69 million. In a Bursa Malaysia filing today, Kelington said the acquisition represents the remaining 9.29 per cent equity interest and will allow it to fully control Ace Gases. “The SSA is to be satisfied via cash consideration amounting to RM10.07 million cash and issuance of 7.59 million new ordinary shares in Kelington at an issue price of RM3.37 per share,” it said. Kelington said that the acquisition would provide greater flexibility in planning