KUALA LUMPUR (Sept 26): Animal health and nutrition products manufacturer Yenher Holdings Bhd (KL:YENHER) is purchasing a fish mill and pet food and silos (machinery) — for US$4.42 million (RM18.56 million), cash.
The acquisition is aimed at supporting Yenher’s venture into the downstream feedmill business while expanding its product offerings.
The equipment will be supplied by Famsun Co Ltd, a Chinese firm that is involved in the manufacturing of special equipment for feed, agricultural and sideline foods.
The purchase consideration will be funded by internally generated funds and/or bank borrowings, said Yenher.
Yenher’s share price closed down 0.5 sen or 0.6% to 87.5 sen on Thursday, bringing the group a market capitalisation of RM263 million.