Regional strategic investor to take up stake in poultry firm


In an interview with StarBizWeek two weeks ago, Lay Hong group executive chairman Yap Hoong Chai said that tying up with a foreign strategic partner was something the company was seriously considering.

PETALING JAYA: The changes in shareholding at integrated poultry company Lay Hong Bhd is not likely to be over.

Sources said some shareholders of Lay Hong, who had taken over a block of a 38.8% stake from QL Resources Bhd, could be disposing their interest to a foreign partner that has a regional presence in the food business, said the sources.

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Business , Lay Hong , foreign , party , layer

   

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