PETALING JAYA: Kuantan Flour Mills Bhd (KFM), a PN17 company, is proposing an equity fund-raising exercise and a partnership with coal and starch trader Lotus Essential Sdn Bhd as part of the company’s plan to restructure debt and revamp the business.
In a filing with Bursa Malaysia yesterday, KFM said it has entered into a memorandum of understanding (MoU) with Lotus to take on contract manufacturing and offtake agreement for provision of flour milling activities.
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