CCK enters into binding term sheet with Creador

PETALING LAYA: CCK Consolidated Holdings Bhd (CCK) has signed an agreement with Astrantia Sdn Bhd, a special purpose vehicle company of Creador Sdn Bhd, where in Astrantia will make a RM170.3mil investment to acquire a 40% stake in CCK's subsidiary, PT Adilmart.

In a filing with Bursa Malaysia, CCK said this investment will facilitate the expansion of Adilmart, which specialises in the production of frozen foods, including sausages and other processed meat products.