PETALING JAYA: Hextar Global Bhd has entered into conditional share sale agreements with Hextar Industries Bhd (HIB) and Hextar Fertiliser Group Sdn Bhd to acquire the entire equity interests in PK Fert Sdn Bhd (PKFT), PK Fertilizers Sdn Bhd (PKF) and Hextar Fert Sdn Bhd (HFT) for RM120mil. “PKF’s principal markets are Malaysia, Indonesia and Australia, while HFT’s principal markets are Malaysia, Myanmar and Mauritius. Hextar said the proposed acquisitions represent a strategic extension of Hextar’s agriculture platform with the inclusion of the fertiliser business as a new business line within the group to complement Hextar’s existing agrochemical operations. “In view of the related party nature of the transaction, the board has considered the operational scope of the fertiliser businesses of both parties following the proposed acquisition. “The fertiliser operations of Hextar and HIB are expected to continue to be conducted in their respective existing geographical markets, namely Peninsular Malaysia and export markets for Hextar, and East Malaysia for HIB.”

Source: The Star December 23, 2025 13:47 UTC