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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!