Felda Global Ventures Holdings Bhd’s (FGV) unit, Felda Global Ventures Downstream Sdn Bhd (FGVD), has called off its proposed RM976.25mil acquisition of a 55% stake in China-based edible oil producer Zhong Ling Nutril-Oil Holdings Ltd.
The agri-business company told Bursa Malaysia yesterday that FGVD had issued termination notices, dated April 8, to Zhong Hai Investment Holdings Ltd and the other vendors.
The conditions precedent set out in the two conditional sale and purchase agreements (SPA 1 and SPA 2) could not be fulfilled within the stipulated time, nor have them been waived.
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The agri-business company told Bursa Malaysia yesterday that FGVD had issued termination notices, dated April 8, to Zhong Hai Investment Holdings Ltd and the other vendors.
The conditions precedent set out in the two conditional sale and purchase agreements (SPA 1 and SPA 2) could not be fulfilled within the stipulated time, nor have them been waived.
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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