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QAF studying ways to restructure M'sia unit

Move appears to be made to comply with equity condition under Malaysia's former New Economic Policy

Singapore

QAF, known for its Gardenia and Bonjour brands of bread, said that it was evaluating options to restructure Gardenia Bakeries (KL) Sdn Bhd (GBKL), a 70 per cent-owned Malaysian subsidiary that contributes a significant amount of revenue and profit.

The move appears to

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