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2008-07-23 21:00:35

THAILAND'S PTT Chemical Public Co Ltd has bought a stake in Cognis Oleochemicals Sdn Bhd, making it the new partner for Sime Darby Plantation Sdn Bhd. It bought a 50 per cent stake from Germany's Cognis for US$164 million (RM531.36 million), valuing Cognis Oleochemicals at US$328 million (RM1.06 billion). The company will operate under the same name until a new name has been established, PTT Chemical and Sime Darby said in a statement released in Kuala Lumpur yesterday. "The strategic...


Word of the Day
reremouse
  • A bat.
The word 'reremouse' comes from Middle English reremous, from Old English hrēremūs, hrērmūs ("bat"), equivalent to rear (“to move, shake, stir”) +‎ mouse.
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