Cab Cakaran eyes Farm’s Best assets

PETALING JAYA: CAB Cakaran Corp Bhd has shown interest in buying some of Farm’s Best Bhd’s assets, including a poultry processing plant, six breeder farms and 28 broiler farms, for up to RM242mil.

Farm’s Best, a Malacca-based poultry farmer and property developer, told Bursa Malaysia yesterday that Cab Cakaran had sent separate letters of intent to three of its wholly-owned subsidiaries – Farm’s Best Food Industries Sdn Bhd (FBF), Sinmah Breeders Sdn Bhd and Sinmah Livestocks Sdn Bhd – to buy their assets.