Like its Bursa Malaysia-listed peers, HB Global Ltd, a gourmet convenient food producer that specialises in frozen vegetables and ready-to-serve duck meat products, also suffers the same fate. After six long years of painful waiting, HB Global finally had its PN17 status lifted in October 2019. HB Global executive director Lee Ping Wei believes this is a good sign and that the worst is over for the company. We hope that investors can give us a chance to revive HB Global,” he tells The Edge in an interview, alluding to recent plans. He expects FRC’s profits to grow to RM10 million to RM15 million, of which 60% will be captured by HB Global.

Source: The Edge Markets April 29, 2021 07:07 UTC