CCK to invest RM20mil in new cold room

Quick Summary:

KUCHING: CCK Consolidated Holdings Bhd will be investing RM20mil in a new cold room for frozen meat and food products under an expansion project for its Kuching Bintawa factory.

Negotiations with a vendor, Tiong said, are in the final stages to award a RM4mil contract for services to digitalise the group’s current operations and streamline its processes to improve efficiency.

Under signed agreements, Astranita will acquire 31,772 existing shares (26.5%) in Adilmart for RM88.1mil and subscribe to 27,047 new Adilmart shares (18.4%) of the enlarged issued Adilmart shares, for RM75mil in cash.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: JACK WONG

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: CCK Consolidated Shrimp Poultry /Business/Business News Corporate News Cold room

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 07:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23642551

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 27 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 27 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions