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BRIEF-Cab Cakaran Corporation updates on proposed acquisition by unit

Reuters

Nov 25 (Reuters) - Cab Cakaran Corporation Bhd

* SBSB has refunded the SBSB earnest deposit of 1.8 million rgt to CAB

* CAB had on 25 november 2016 executed a letter to terminate the proposed acquisition of sbsb assets with SBSB

* FARM'S Best Food Industries Sdn. Bhd., a unit of CAB will enter into sale and purchase agreement with SBSB to acquire assets of SBSB

* Total purchase consideration of the subject property is 63.00 million rgt Source (http://bit.ly/2gnU44i) (http://bit.ly/2ff4bsl) Further company coverage: