TALK about blowing hot and cold. After just five days, Government-owned Felcra Bhd has apparently lost interest in a possible reverse takeover of troubled Kuantan Flour Mills Bhd.
And that loud whoosh you heard was the sound of KFM’s market capitalisation deflating rapidly – the share price took a 61% dive yesterday – when Felcra pulled out of the dating game.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!