Cocoaland gets takeover offer from First Pacific


Stakeholder: Fook Meng is an executive director and substantial shareholder of Cocoaland.

PETALING JAYA: Snacks and candy company Cocoaland Holdings Bhd has received an indicative non-binding proposal from First Pacific Company Ltd to acquire the business of Cocoaland including all of its assets and liabilities for RM463.32mil or RM2.70 per share.

This is the second takeover offer Cocoaland is receiving in less than two weeks.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Cocoaland , First Pacific , Navis , stocks , shares , klci , klse ,

Next In Business News

Consumers trade down
Europe’s�new growth regime
Tech gets a power-up
Private credit weathers the storm
China’s evolving luxury spending
Distorted valuation methods hide true value
Hainan’s electric roadmap
New phase of AI boom
Film fame comes to Favignana
LSS6 moves to address structural gaps�

Others Also Read