Hextar Global ventures into durian industry

KUALA LUMPUR: Hextar Global Bhd is set to venture into the durian industry through the proposed acquisition of PHG Ever Fresh Group Sdn Bhd, one of the largest durian processing factories and exporters in Malaysia, worth RM84mil.

Hextar said its 51%-owned subsidiary Hextar Fruits Sdn Bhd has entered into a share sale agreement with PHG Ever Fresh Group to acquire 100% equity interest in three of its subsidiary companies – PHG Ever Fresh Food (M) Sdn Bhd, PHG Ever Fresh Food (TK) Sdn Bhd and PHG Wholesale and Retails Sdn Bhd.