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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
