London Biscuits to dispose RM70mil assets


  • Corporate News
  • Thursday, 07 May 2020

LBB said it has entered into an asset sale agreement with Pacific Petcare and Mamee-Double Decker (M) Sdn Bhd (as guarantor) for the purposes.

KUALA LUMPUR: London Biscuits Bhd (LBB) is disposing of RM70mil worth of assets to Pacific Petcare Sdn Bhd as part of the company’s liquidation and to generate cash for the ultimate distribution to its creditors.

LBB said it has entered into an asset sale agreement with Pacific Petcare and Mamee-Double Decker (M) Sdn Bhd (as guarantor) for the purposes.

The assets to be disposed of included seven parcels of freehold industrial land in Plentong, Johor Baru, together with buildings thereon, plant and machinery located within the premises. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Across the site