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KPF aborts plan to buy hypermarket

KUALA LUMPUR: Koperasi Permodalan Felda (KPF) has aborted its proposed acquisition of a hypermarket-cum-retail centre in Kota Kinabalu for RM260 million from Permaju Industries Bhd. Permaju said its 70 per cent-owned Hardie Development Sdn Bhd had received a letter dated December 9 from KPF on the latter’s decision. KPF did not disclose any reason, it added.

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