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Universal Robina Corp. (URC), the food group of the Gokongweis, said it is buying Malaysia’s Munchy Food Industries Sdn Bhd for P22.9 billion or RM1.92 billion on a cash-free and debt-free basis. In its disclosure, the company said the acquisition will make the local unit of URC in Malaysia the… ....
Feb 16, 2021 Tyson Foods and Malayan Flour Mills Berhad recently announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, adding more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad (MFM), amongst others. “Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, international president of Tyson Foods. “This partnership will add more supply flexibility for both companies in serving halal-certified poultry to consumers and customers in the country and across priority export markets.” ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Tyson Foods and Malayan Flour Mills Berhad Announce Partnership Tyson Foods, Inc.February 10, 2021 GMT KUALA LUMPUR, Malaysia and SPRINGDALE, Ark., Feb. 10, 2021 (GLOBE NEWSWIRE) Tyson Foods, Inc. (NYSE: TSN) and Malayan Flour Mills Berhad (KLSE: MFLOUR) today announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad (MFM), amongst others. “Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, International President of Tyson Foods. “This partnership will add more supply flexibility for both companies in serving halal-certified poultry to consumers and customers in ....
KUALA LUMPUR: US-based Tyson Foods, Inc will invest RM420mil in Malayan Flour Mills Bhd s vertically integrated poultry business. MFM said in a filing to Bursa Malaysia, it is selling a 49% stake in Dindings Supreme Sdn Bhd to Tyson Foods under a strategic partnership which will add more supply flexibility for both companies. The transaction is subject to approval by MFM s shareholders. Chris Langholz, International President of Tyson Foods said once completed, the poultry deal will optimise its existing Malaysia business and expand MFM’s poultry business. “This partnership will add more supply flexibility for both companies in serving halal-certified poultry to consumers and customers in the country and across priority export markets, ” he said. ....