<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 30): Dairy producer Farm Fresh Bhd has obtained the state authority's consent for the transfer of a freehold industrial land in Bandar Baru Enstek, Negeri Sembilan to the group to set up a manufacturing hub.</p></div>

<div class=newsTextDataWrapInner><p>"The condition precedent for the sale and purchase agreement (SPA) has been fulfilled on Sept 29, 2022 and the SPA has now become unconditional," the group said in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition of the land from THP Enstek Development Sdn Bhd for RM18.24 million is expected to be completed within three months from the unconditional date, the group added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Farm Fresh will use the land to establish a new manufacturing hub in the greater central region of Peninsular Malaysia to increase the group's existing production capacity for dairy and plant-based products, and for other new adjacent product offerings.</p></div>

<div class=newsTextDataWrapInner><p>In its earlier filing on June 30, the dairy producer said the land would enable the group to improve its cost efficiency by reducing transportation costs, as the new hub would be closer to its customers in the Klang Valley.</p></div>

<div class=newsTextDataWrapInner><p>Farm Fresh's share price was up 1.27% or two sen at RM1.60 in afternoon trading on Friday (Sept 30), giving the group a market capitalisation of RM2.97 billion.</p></div>


Dairy producer Farm Fresh Bhd has obtained the state authority's consent for the transfer of a freehold industrial land in Bandar Baru Enstek, Negeri Sembilan to the group to set up a manufacturing hub.

Farm Fresh fulfils condition for land purchase in Negeri Sembilan

TOKYO (April 30): US hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday.

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Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for US interest rates dragged on the market.

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MKH Oil Palm (East Kalimantan) Bhd (MKHOP), fresh off its Main Market debut on Tuesday, said it has no replanting plans as almost all of its prime mature oil palm trees are over a decade-old.

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JAKARTA (April 30): Indonesia has revised a wide-ranging trade ministry regulation to remove import restrictions on a number of affected items, including many raw materials used by industries, Trade Minister Zulkifli Hasan said on Tuesday.

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The future of one of the world’s largest carbon offset projects is in doubt after the Indonesian government revoked its license for violating local regulations.

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<p>Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas, said on Tuesday it has acquired an 80% stake in pharmaceutical ingredients maker Symbiotica Speciality Ingredients Sdn Bhd.</p>


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<p>KUALA LUMPUR (April 30): Stock exchange operator Bursa Malaysia Bhd said on Tuesday that its net profit rose 34% in the first quarter of the year, from a year earlier, thanks to higher trading activity and fees from listings and other services.</p>
