KUALA LUMPUR (Bernama) -- London Biscuits Bhd (LBB) is disposing of RM70 million worth of assets to Pacific Petcare Sdn Bhd as part of the company’s liquidation and to generate cash for the ultimate distribution to its creditors.
In a filing with Bursa Malaysia today, LBB said it has entered into an asset sale agreement with Pacific Petcare and Mamee-Double Decker (M) Sdn Bhd (as guarantor) for the purposes.
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