CAB Cakaran and partners buy Farm’s Best’s unit

Farm’s Best did not directly specify why it had agreed to a much lower disposal consideration compared with CAB’s initial indicative price for FBF assets, but noted that FBF had incurred after-tax losses of RM4.38mil and RM28.07mil for its most recent two financial years (FY) ended Dec 31, 2014 and 2015 respectively.