Malaysian Noodle Manufacturer Acquires Increased Share in Chinese Wheat Processor

Vermicelli manufacturer KBB Resources Bhd, which has proposed to acquire a 10% stake in Shandong-based World Granary Holding Ltd (Tianxia) for RM21 million [US$6.81 million] through a share swap, intends to increase its stake in the Chinese company to 20% within a year after proposal submission, said its personal assistant to group managing director Kelvin