
CCK Consolidated Holdings, a Sarawak and Sabah poultry operator, agreed through a joint venture shareholders agreement to acquire a 27.2% stake in Gold Coin Sarawak Sdn Bhd from Gold Coin Malaysia Group for RM20.67 million. Gold Coin Sarawak runs a livestock feed mill and a fishmeal mill in Kuching.
The price is 10% cash, with the balance payable over 10 years.
CCK is securing a long-term in-house supply of feed for its poultry operations, which could reduce its exposure to outside feed purchases. The deal is a corporate restructuring with little direct effect on feed commodity prices.
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