Genting Plantation Bhd, (GENP MK, Hold, TP: RM7.74) via unit ACGT Sdn Bhd, is collaborating with DuPont, a global innovation and science company, to increase oil palm yield and unlock the natural potential of the crop. ACGT CEO Derrik Khoo Sin Huat said the collaboration would leverage on DuPont's suite of scientific crop yield innovations and enable the company to introduce market-assisted selection to identify high performance oil palm breeds. The collaboration will accelerate the use of genes and biomarkers to identify superior oil palm for the plantation industry,' he told. The collaboration document was signed by Genting Plantations CEO Yong Chee Kong while DuPont was represented by its Asean group MD Hsing Ho. (Financial Daily)
