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LONDON (Alliance News) - Asian Plantations Ltd Monday said it remains in talks with several parties that may lead to its acquisition.
The AIM-listed palm oil plantation company, which has operations in Malaysia, had first confirmed it was in takeover talks at the beginning of March. Later that month, it appointed Strand Hanson Ltd as its financial adviser to seek buyers for the company and conduct a formal sale process.
In its statement Monday, the company said it remains in discussions with several parties, but cautioned that there can be no certainty a deal will be done.
Asian Plantations shares closed 2.4% lower Tuesday at 205.00 pence.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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