F.C.H. Holdings Sdn. Bhd. entered into a conditional share sale agreement to acquire SM Broilers Sdn Bhd. from Sinmah Capital Berhad (KLSE:SMCAP) for MYR 2.9 million on April 20, 2022. The total issued share capital of 12 million comprising 12 SM Broilers shares. The deal is subject to and conditional upon the approvals of all relevant regulatory authorities and/ or third parties. As of December 31, 2021, SM Broilers reported total revenue of MYR 88.462164 million, total asstes of MYR 38.800263 million, EBITDA of MYR 2.06 million, net income of MYR -10.424 million and total common equity of MYR 2.800289 million. The deal is expected to be completed in the third quarter of 2022. Asia Equity Research Sdn. Bhd. acted as fairness opinion provider to non-interested directors and non-interested shareholders of Sinmah Capital Berhad. UOB Kay Hian Securities (M) Sdn Bhd. acted as financial advisor to Sinmah Capital Berhad.

F.C.H. Holdings Sdn. Bhd. completed the acquisition of SM Broilers Sdn Bhd. from Sinmah Capital Berhad (KLSE:SMCAP) on September 30, 2022.