Malaysia's Cocoaland gets takeover offer from Navis Asia Fund

May 22, 2015 11:49 AM

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KUALA LUMPUR May 22 Malaysia's Cocoaland Holdings Bhd, a food and beverage company, said on Friday it had received a takeover offer from a unit of Navis Asia Fund.

The company received a "non-binding indicative offer" on May 22 for Navis Asia BII Management Company Ltd to acquire all of its assets and liabilities, Cocoaland said in an announcement to the stock exchange regulator.

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