CCK to buy Indonesian seafood firm

PETALING JAYA: CCK Consolidated Holdings Bhd’s unit has proposed to acquire the entire equity interest in PT Bonanza Pratama Abadi, an Indonesian company involved in the processing and freezing shrimp for local and export sales, for US$8mil (RM33.74mil).

Barring any unforeseen circumstances and subject to all approvals being obtained, the proposed acquisition is expected to be completed by the second half of 2022. It said the purchase consideration would be funded entirely from internally generated funds and/or bank borrowings.