FGV: MoU to set up halal plant terminated

The MoU then was to establish Samyang halal’s production facilities in Malaysia focusing to serve halal ramen and instant noodle products for Malaysia and global markets.

KUALA LUMPUR: FGV Holdings Bhd and South Korea’s Samyang Food Co Ltd’s proposed tie-up for the latter’s setting up of a halal production plant in Malaysia will not go ahead.

FGV said the MoU, which was signed on Jan 28,2019, was terminated yesterday. There were no reasons stated for the termination of the plant, it noted in a filing with the local stock exchange.