Latest news with #CABCakaranCorpBhd
New Straits Times
01-08-2025
- Business
- New Straits Times
CAB Cakaran buys Cargill Malaysia's animal feed business for RM231mil
KUALA LUMPUR: Poultry-based CAB Cakaran Corp Bhd says its subsidiary CAB Cakaran Sdn Bhd has bought a 100 per cent stake in Cargill Feed Sdn Bhd for RM231 million. It was bought from Cargill Holdings (Malaysia) Sdn Bhd. CAB Cakaran said the deal will enable the company to own all of Cargill Feed's four feed mills in Malaysia. "This will transform the company from a customer of Cargill into the owner of all of the latter's feed mills in Malaysia," it said. CAB Cakaran group managing director Christopher Chuah Hoon Phong said the acquisition delivers the last missing piece in the company's "farm to fork" operating model. CAB Cakaran is now fully vertically integrated across the entire poultry value chain with its own feed mills, primary breeders, breeder farms, hatcheries, growout farms, processing plants as well as logistics and distribution channels. "Securing a reliable and cost-effective supply of animal feed will enhance our operational efficiency and support our long-term growth plans," he said. Chuah said the company aims to ensure consistent feed quality, reduce its dependency on external suppliers and minimise the company's exposure to raw material price volatility. "We look forward to leveraging Cargill Feed's technical expertise and manufacturing capacity in animal feed, and will pursue opportunities for joint innovation in feed development," he added.
The Star
31-07-2025
- Business
- The Star
CAB Cakaran in RM231mil deal with Cargill
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 acqua 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.
The Star
31-07-2025
- Business
- The Star
CAB Cakaran to acquire animal feed producer from Cargill for RM231mil
KUALA LUMPUR: 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 the stock exchange, 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 acqua 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 metric tonnes per year. In its most recently concluded financial year ended May 31, 2025, the company registered a parofit 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. "By internalising feed manufacturing, CAB Group aims to improve feed quality consistency, reduce reliance on external suppliers, and mitigate risks related to raw material price fluctuations. "This vertical integration will support the group's existing farming operations and enhance production planning," it said. Based on management's estimates, the group said the purchase would be funded via bank borrowings of RM207.9mil and internally generated funds of RM23.1mil. Trading ideas: Dialog, Zetrix, Kwasa, Alliance, BIG, Steel Hawk, Dayang, Paramount, Samaiden, SP Setia, MMM, CIM, Axis REIT, Pantech, Destini, EcoFirst
