The board of Papua New Guinea’s biggest employer, New Britain Palm Oil, has recommended shareholders accept a K5.09 billion (UK 1.07 billion pound) takeover bid from Malaysia’s Syme Darby.
Sime Darby bids to take majority shareholding in New Britain Palm Oil
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15 Oct 2014 by Leave a Comment
Kulim prepares to exit Papua New Guinea with sale of New Britain Palm Oil shares
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6 Aug 2014 by 1 Comment
A new player is preparing to enter Papua New Guinea’s palm oil industry, after Malaysian conglomerate Sime Darby was selected as the preferred bidder for Kulim Malaysia’s shares in PNG’s largest agribusiness, New Britain Palm Oil (NBPOL). What do analysts think of the move?
Kulim offer for NBPOL ‘not in the national interest’, says Securities Commission
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29 Aug 2013 by
The PNG Securities Commission says it is not in the national interest for Kulim Malaysia to increase its stake in New Britain Palm Oil Limited (NBPOL).
Kulim’s half-billion kina bid for New Britain Palm Oil ‘positive’
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25 Jun 2013 by
Market reaction to the proposed move to make New Britain Palm Oil Limited (NBPOL) a subsidiary of Malaysian company Kulim (Malaysia) Berhad has been generally positive, although one observer questions why PNG-based investors aren’t taking advantage of the fall in NBPOL’s share price.
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