NEP Holdings scraps takeover of Kuantan Flour Mills

KUALA LUMPUR: Loss-making Kuantan Flour Mills Bhd (KFM) will have to find another white knight after the proposed reverse takeover by NEP Holdings (M) Sdn Bhd was scrapped.

It told Bursa Malaysia on Friday the corporate exercise by NEP Holdings (M) Sdn Bhd, which sells water filtration system products under the Diamond brand, was called off just two months after inking the proposal.