Adviser Backs Batu Kawan's MKH Bid, Rejects Plantation Offer

An independent adviser has told shareholders of MKH to accept Batu Kawan's takeover offer for the main company, according to The Edge Malaysia. The same adviser, however, has recommended that shareholders reject Batu Kawan's separate bid for MKH's plantation unit.

The advice was reported by The Edge Malaysia on Monday, September 7, 2026. The publication did not name the independent adviser or provide the rationale behind the split recommendation in the summary of its report.

The development centers on Batu Kawan Berhad, a Malaysian conglomerate, and its attempts to acquire MKH Berhad, a company with interests in property and plantations. Batu Kawan has made two distinct offers: one for the entire MKH entity and another specifically for its plantation arm.

The Edge Malaysia's report indicates a divergence in how these two offers are being assessed. While the takeover of the parent company is seen as acceptable, the bid for the plantation business is not viewed favorably by the adviser.

batu kawan

This split recommendation creates a complex decision for MKH shareholders, who must weigh the merits of each offer separately. The outcome of the shareholder vote will determine whether Batu Kawan can complete both acquisitions or only the one for the main company.

The next step will be for MKH shareholders to vote on the resolutions related to both offers. Their decision, guided by the adviser's differing recommendations, will settle the future ownership structure of both the parent company and its plantation unit.