LTKM to venture into EMS business, divest poultry operations

Local Assembly co-founder and managing director Chai Voon Sun (left) and LTKM executive chairman Datuk Tan Kok

KUALA LUMPUR: LTKM Bhd has put forward a series of proposals to divest its existing business to its major shareholder and venture into the provision of electronic manufacturing services (EMS) via the acquisition of Local Assembly Sdn Bhd.

In a statement, loss-making LTKM proposed that its major shareholder with 71.6% stake, Ladang Ternakan Kelang Sdn Bhd, acquire its chicken egg production operations for RM158.83mil.