Bloomberg News

IOI Cancels Agreement to Buy Oil-Palm Land From Dutaland Unit

October 25, 2011

Oct. 25 (Bloomberg) -- IOI Corp., a Malaysian plantation company, scrapped an agreement to buy oil-palm land from Dutaland Bhd. for 830 million ringgit because some terms and conditions hadn’t been complied with.

IOI had agreed in July to buy 11,978 hectares of oil-palm land from Dutaland.

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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