By Jaime Llinares Taboada
Equatorial Palm Oil PLC said Thursday that its majority owner KL-Kepong International Ltd. has reduced its stake in the company below 50%.
The London-listed company said KL-Kepong--a subsidiary of Kuala Lumpur Kepong Bhd., a Malaysian oleochemicals producer--reduced its shareholding to 49.08% from 62.86%.
Shares in Equatorial Palm Oil at 0903 GMT were up 0.08 pence, or 7.0%, at 1.15 pence.
Write to Jaime Llinares Taboada at email@example.com; @JaimeLlinaresT