KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
CAB Cakaran to Acquire Cargill Malaysia’s Animal Feed Unit for RM231M to Strengthen Poultry Operations
CAB Cakaran Corp Bhd (KL:CAB) will acquire Cargill Feed Sdn Bhd (CFSB) for RM231 million in cash to secure a cost-effective and reliable supply of animal feed for its more than 100 broiler and breeder farms across Peninsular Malaysia. Deal Structure: Purchase Price: RM231M (RM23.1M internal funds + RM207.9M bank loans) Seller: Cargill Holdings (Malaysia) Sdn Bhd Target: 100% stake in CFSB + 51%-owned subsidiary Desa Cargill Sdn Bhd Completion: Expected Q4 2025 Strategic Rationale: Internalising Feed Manufacturing: To ensure consistent quality, reduce dependency on external suppliers, and manage raw material price volatility. Capacity: CFSB produces up to 400,000 tonnes annually from plants in Westports, Butterworth, Melaka, and Sabah. Financial Impact: Pro forma EPS expected to rise from 10.76 sen to 12.98 sen . Financial Snapshot of CFSB (FY ended May 31, 2025): Revenue: RM390.96M PBT: RM22.75M Profit M...