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Sinmah to sell poultry business to focus on property

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Sinmah said the proposed disposal was in line with the group’s objective of streamlining its businesses.

Sinmah yesterday entered into a conditional share sale agreement with F.C.H. Holdings Sdn Bhd for the proposed disposal of 12 million shares in SM Broilers.has proposed to sell its poultry business, SM Broilers Sdn Bhd, for a cash consideration of RM2.9mil.

Sinmah yesterday entered into a conditional share sale agreement with F.C.H. Holdings Sdn Bhd for the proposed disposal of 12 million shares in SM Broilers. In its filing with Bursa Malaysia, Sinmah said the disposal proceeds would be earmarked for the group’s development expenditure on its existing Taman Gambir Perdana mixed project in Johor.

 

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