<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 14, 2017 - September 20, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Penang-based CAB Cakaran Corp Bhd is setting up a poultry-slaughtering facility in Singapore, along with a dormitory for its workers.</p></div>

<div class=newsTextDataWrapInner><p>CAB’s 51%-owned unit, Tong Huat Poultry Processing Factory Pte Ltd, has inked a shareholders’ agreement with four parties to subscribe for stakes in Singapore Poultry Hub Pte Ltd, which will operate and manage the facility.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The four parties are Kee Song Holdings Pte Ltd, Sinmah Holdings (S) Pte Ltd, Tysan Food Pte Ltd and Tan Chin Long, the poultry firm said in a filing with Bursa Malaysia yesterday.</p></div>

<div class=newsTextDataWrapInner><p>CAB will be subscribing for a 25% stake in Singapore Poultry Hub. Kee Song and Sinmah will also take up 25% stakes while Tysan and Tan will hold 12.5% stakes.</p></div>

<div class=newsTextDataWrapInner><p>On the rationale to ink the shareholders’ agreement, CAB said it will regulate the affairs and businesses to be undertaken by Singapore Poultry Hub.</p></div>

<div class=newsTextDataWrapInner><p>According to CAB’s 2016 annual report, the group derives 14% of its revenue from its operation in Singapore, while the remaining 86% is generated by its Malaysian business.</p></div>

<div class=newsTextDataWrapInner><p>CAB is controlled by its executive chairman Chuah Ah Bee, with a 31.61% stake.<br />
&nbsp;</p></div>


KUALA LUMPUR: Penang-based CAB Cakaran Corp Bhd is setting up a poultry-slaughtering facility in Singapore, along with a dormitory for its workers.

CAB’s 51%-owned unit, Tong Huat Poultry Processing Factory Pte Ltd, has inked a shareholders’ agreement with four parties to subscribe for ...

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