LONDON--Equatorial Palm Oil PLC (PAL.LN) Wednesday confirmed
that it is in early stage discussions with Kuala Lumpur Kepong
Berhad, or KLK, regarding the funding of Equatorial Palm Oil's
joint venture, Liberian Palm Developments Limited, which may or may
not lead to an offer of funding for the joint venture and which may
or may not include an offer for all or part of Equatorial Palm
Oil.
MAIN FACTS:
-Liberian Palm Developments Limited is a joint venture with
Biopalm Energy Limited
-Discussions are still open and there can be no certainty that
any offer for Equatorial Palm Oil will be made, nor as to the terms
of any such offer should one be forthcoming
-KLK must, by not later than Nov. 12, either announce a firm
intention to make an offer for the company or announce that it does
not intend to make an offer
-Shares closed Tuesday at 4.9 pence valuing the company at GBP10
million.
Write to Jana Weigand at jana.weigand@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires