KUALA LUMPUR: The Federal Land Consolidation and Rehabilitation Authority (Felcra) Bhd said it has aborted its plan to take up equity in Kuantan Flour Mills Bhd.
In a filing with Bursa Malaysia, KFM said it received a letter to that effect on Wednesday from Felcra.
"Thus, Felcra's letter dated Dec 9 shall no longer be of any effect," it said, adding that Felcra had earlier expressed interest to explore the possibility of participating in KFM's equity under a proposed reverse takeover.
In a separate filing, KFM asked for suspension of trading in its shares on Thursday pending a material announcement.
KFM shares closed at 24.5 sen on Wednesday.
KFM reduced its pre-tax loss for the financial year ended Nov 30, 2016 to RM12.09 million from RM16.85 million registered a year earlier.
Its revenue declined to RM3.92 million from RM24.84 million previously. - Bernama
Get 30% off with our ads free Premium Plan!
