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Malayan Flour Mills posts improved 2Q on disposal gain

KUALA LUMPUR: Malayan Flour Mills Bhd posted a net profit of RM128.31mil in the second quarter ended June 30, 2021, compared to a net loss of RM4.48mil in the previous corresponding quarter on the back of a one-off gain of RM126.2mil from the disposal of equity in DTSB Group. ....

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US-based Tyson Foods buys 49% stake of MFM's poultry business for RM420m

KUALA LUMPUR: US-based Tyson Foods, Inc will invest RM420mil in Malayan Flour Mills Bhd
s vertically integrated poultry business.
MFM said in a filing to Bursa Malaysia, it is selling a 49% stake in Dindings Supreme Sdn Bhd to Tyson Foods under a strategic partnership which will add more supply flexibility for both companies. The transaction is subject to approval by MFM s shareholders.
Chris Langholz, International President of Tyson Foods said once completed, the poultry deal will optimise its existing Malaysia business and expand MFM’s poultry business.
“This partnership will add more supply flexibility for both companies in serving halal-certified poultry to consumers and customers in the country and across priority export markets, ” he said. ....

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