Ekuinas CEO Syed Yasir Arafat Syed Abd Kadir (pic) said the group was pleased that with this divestment, it has promoted foreign direct investment in the food manufacturing industry and that Johnsonville planned to make PrimaBaguz its halal hub throughout Asia and the Middle East markets.
PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) has divested its 100% equity in halal meat-based product manufacturer Primabaguz Sdn Bhd.
The government-linked private equity firm said in a statement yesterday it had sold its entire stake in PrimaBaguz to US-based processed meat company Johnsonville International LLC based on an enterprise value of RM175mil.
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