MSM Malaysia said its wholly owned subsidiary, MSM Perlis Sdn Bhd, had issued a letter to F&N to exercise its rights to rescind the sale and purchase agreement dated Oct 8,2019. (File pick shows MSM sugar factory)
PETALING JAYA: MSM Malaysia Holdings Bhd
has cancelled a deal to sell agricultural land in Perlis to Fraser & Neave Holdings Bhd (F&N).
F&N said the RM156mil deal fell through as its wholly-owned subsidiary, F&N AgriValley Sdn Bhd, did not obtain the required approval from the Economic Affairs Ministry (EPU).
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