Sinmah to sell poultry business to focus on property

Sinmah yesterday entered into a conditional share sale agreement with F.C.H. Holdings Sdn Bhd for the proposed disposal of 12 million shares in SM Broilers.

PETALING JAYA: Sinmah Capital Bhd has proposed to sell its poultry business, SM Broilers Sdn Bhd, for a cash consideration of RM2.9mil.

Sinmah said the proposed disposal was in line with the group’s objective of streamlining its businesses to focus on property development as its growth prospect as well as to unlock the value and monetise SM Broilers.