Malaysia based Cocoaland rejects Navis' takeover offer, EQT still in running?

Malaysia based Cocoaland rejects Navis' takeover offer, EQT still in running?

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

Malaysian snacks and candies company Cocoaland Holdings has decided to reject a takeover offer from a unit of Navis Asia Fund VII, LP, on Monday.

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