Malaysian flour miller and animal feed maker FFM Bhd is selling a soyabean crushing and solvent extraction plant to a related company for RM4m (US$1.1m) cash.

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The buyer is Cai Lan Oils and Fats Industries Ltd, the Vietnamese subsidiary of Singapore’s Kuok Oils & Grains Pte Ltd. The plant, which can process 400 metric tonnes of soyabean a day, is currently located in South Port, Port Klang.


FFM is reported by the Business Times as saying that the sale will bring a gain of RM1.4m, which will be used for working capital. Tycoon Robert Kuok’s Kerry Group is a major shareholder of FFM’s parent PPB Group Bhd and Kuok Oils & Grains.


FFM also has a 28% stake in Kuok Oils & Grains.

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