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CCM sells loss-making fertiliser biz for RM48.5m


KUALA LUMPUR: Chemical Company of Malaysia Bhd (CCM) is selling its loss-making fertiliser business for RM48.5mil to Hextar Fertilizers Group Sdn Bhd as it seeks to focus on its pharmaceuticals and chemicals divisions. 

It also announced on Thursday its units had signed conditional share sale agreements with Hextar Fertilizers Group Sdn Bhd to sell its 100% equity interests in CCM Agriculture Sdn Bhd and CCM Agriculture (Sabah) Sdn Bhd.

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