PETALING JAYA: CAB Cakaran
Corp Bhd has, via its wholly-owned subsidiary CAB Cakaran Sdn Bhd, entered into a conditional share purchase agreement to acquire the entire 100% equity interest or 9.19 million shares in an animal feed manufacturer for RM231mil.
In a filing with Bursa Malaysia, the poultry farming group said it had entered into the purchase deal with Cargill Holdings (Malaysia) Sdn Bhd to acquire Cargill Feed Sdn Bhd, which produces a range of commercial compound feed for various livestock and aqua species.
According to the statement, Cargill Feed’s manufacturing operations are based in Westport, Butterworth, Melaka and Sabah, with a total capacity of approximately 400,000 tonnes per year.
In its most recently concluded financial year ended May 31, 2025, the company registered a profit after tax of RM13.78mil on revenue of RM390.96mil.
CAB Cakaran said the proposed acquisition will enhance its control over a source of animal feeds, which is critical to its poultry production.
