CAB CAKARAN TER­MI­NATES LET­TER OF IN­TENT

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: CAB Cakaran Corp Bhd has ter­mi­nated its let­ter of in­tent to pur­chase Farm’s Best Bhd’s as­sets for RM42 mil­lion. The planned as­set sale in­volves some 301.43ha of broiler farms and 200.22ha of breeder farms as well as other poul­try fa­cil­i­ties and equip­ment. Farm’s Best is Malacca-based poul­try farmer and prop­erty de­vel­oper. In a fil­ing with the stock ex­change, Farm’s Best said the ter­mi­na­tion was due to the sale of the as­sets to its 51%-owned sub­sidiary Farm’s Best Food In­dus­tries Sdn Bhd and 99%owned Sin­mah Mul­tifeed Sdn Bhd, in­stead of CAB Cakaran.

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