First Pacific pulls out from takeover of Malaysia's Cocoaland

First Pacific pulls out from takeover of Malaysia's Cocoaland

Cocoaland produces various confectionery ubiquitous in Malaysia. Image from the company website.

Hong Kong-listed First Pacific Co Ltd has aborted its plan to take over Malaysian snacks and confectionery producer Cocoaland Bhd, citing a difference in the strategic fit it had initially seen.

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