It intends to use this factory and warehouse for the group’s trading and frozen food business segment, and its food services and dairy business segments to the extent feasible.
An indirect wholly-owned subsidiary of Envictus International Holdings has proposed to acquire a factory and warehouse in Selangor, Malaysia, for RM68 million ($21.56 million).
The factory and warehouse is currently owned by Star Media Group. The subsidiary, Pok Brothers, is a frozen food company that imports and distributes food products in both raw and processed form.
