SHAH ALAM: CB Industrial Product Holding Bhd (CBIP) has rebutted allegations that its subsidiary had obtained a contract without the proper tender procedure.
It was reported on Tuesday in a local Chinese daily that Felda Palm Industries Sdn Bhd, a subsidiary of Felda Holding Bhd, had awarded the contract to supply a system for the extraction of palm oil, called the continuous steriliser (CS) system, to Modipalm Engineering Sdn Bhd, the subsidiary to CBIP, without a proper tender procedure.
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