Business
Why the Kangaroo Island Plantation (ASX:KPT) share price is rising today
The Kangaroo Island Plantation Timbers Ltd (ASX: KPT) share price has risen today after the company’s board rejected a $20 million offer to buy its land on Kangaroo Island.
The Kangaroo Island Plantation share price has risen 4.9% to $1.07 at the time of writing.
Kangaroo Island Plantation is a forestry company and timber producer on Kangaroo Island, off the coast of South Australia. It manages a wholly-owned portfolio of hardwood and softwood forestry plantations, growing on former agricultural land.
The land it owns is strategically located in high rainfall areas that are highly suitable for growing, allowing the company to…
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