Cab Cakaran Corp Bhd has shown interest in buying some of Farm’s Best Bhd’s assets, including a poultry processing plant, six breeder farms and 28 broiler farms, for up to RM242mil.
Farm’s Best, a Malacca-based poultry farmer and property developer, told Bursa Malaysia that Cab Cakaran had on Friday sent separate letters of intent to three of its wholly-owned subsidiaries - Farm’s Best Food Industries Sdn Bhd (FBF), Sinmah Breeders Sdn Bhd and Sinmah Livestocks Sdn Bhd - to buy their assets.
By paying earnest deposits that must be refunded if no purchase deal is struck, Cab Cakaran wants to gain exclusive rights for at least nine months to carry out due diligence reviews and feasibility studies on the assets of the three units.
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Farm’s Best, a Malacca-based poultry farmer and property developer, told Bursa Malaysia that Cab Cakaran had on Friday sent separate letters of intent to three of its wholly-owned subsidiaries - Farm’s Best Food Industries Sdn Bhd (FBF), Sinmah Breeders Sdn Bhd and Sinmah Livestocks Sdn Bhd - to buy their assets.
By paying earnest deposits that must be refunded if no purchase deal is struck, Cab Cakaran wants to gain exclusive rights for at least nine months to carry out due diligence reviews and feasibility studies on the assets of the three units.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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