Kuala Lumpur Kepong, a Malaysian palm oil giant, offered to acquire a 56% stake in IJM Plantations from IJM, a construction, property and infrastructure provider, for $373m. “After having deliberated on the merits of the offer, the board is in principle agreeable to finalise the terms and conditions with KLK ... for the execution of the sale and purchase agreement,” IJM. June 11, 2021; IJM accepts KLK's $373m offer.