Vision Buys TDM's Poultry Business

by 5m Editor
21 October 2011, at 9:33am

MALAYSIA - TDM is to sell its poultry unit for four million ringgit (MYR).

TDM Bhd has proposed to dispose of its wholly-owned unit, TD Poultry Sdn Bhd, to Vision Poultry Sdn Bhd for MYR4 million, reports Business Times of Malaysia.

In a filing to Bursa Malaysia, TDM said it aimed to streamline and rationalise the core business of the group with the disposal.

The company added that the proceeds from the disposal would be used and invested as part of capital required for the development of the plantation in Kalimantan, Indonesia.