Thong Guan scraps plan to sell F&B ops


The group said it terminated its plans due to both parties failing to reach an agreement on the final sale price.

PETALING JAYA: Thong Guan Industries Bhd will not go ahead with its plan to sell its food and beverage (F&B) business to its largest shareholder, Foremost Equals Sdn Bhd (FESB).

FESB has a 37.03% stake in Thong Guan.

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