RHB Research is positive about the mutually beneficial venture.
PETALING JAYA: Guan Chong Bhd
will likely see a boost in its earnings next year if its proposed acquisition of a 25% stake in a cocoa processing, manufacturing and distribution company in Ivory Coast is finalised.
This is because the deal would provide the cocoa and chocolate confectionery company with quick access to additional grinding capacity and secure premium-quality cocoa beans with minimal incremental investment.
