XL Holdings buys pineapple firm

“The proposed acquisition represents an opportunity for the group to pursue its diversification strategy with a profitable fruit and vegetable plantation,” the company said in a bourse filing yesterday.

PETALING JAYA: XL Holdings Bhd, an edible bird nest and arowana breeder, is buying a pineapple company for RM40mil cash.

“The proposed acquisition represents an opportunity for the group to pursue its diversification strategy with a profitable fruit and vegetable plantation,” the company said in a bourse filing yesterday.