Farm Price to acquire assets for RM4.5mil


PETALING JAYA: Food Life Sdn Bhd, a wholly-owned subsidiary of Farm Price Holdings Bhd, has entered into agreements to acquire assets and a business from Hong Yun Vegetables and Fruits Sdn Bhd, as well as assets from D & D Sinma 8888 Univeg Trading, for a total of RM4.5mil in cash.

The acquisition from Hong Yun, valued at RM3.9mil, includes motor vehicles, equipment and the latter’s wholesale and retail business dealing in groceries, vegetables, fruits, seafood, and frozen foods.

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