Japanese company take over NFCorp's assets and liabilities

National Feedlot Corp Sdn Bhd (NFCorp) today clarified that Japanese company, Kirimitonas Agro Sdn Bhd, has agreed to purchase its entire shares and related companies, and accordingly take over all the assets and liabilities including the RM250 million loan with the Malaysian government.

Both parties signed the sales and purchase agreement on February 21, NFCorp chairman Datuk Seri Mohamad Salleh told a press conference here today.

"NFCorp has no knowledge whatsoever of any variations to the original terms and conditions in the agreement, neither has the buyer informed our client anything to the contrary," he said when clarifying statements made recently by an opposition member of parliament on the matter.