PETALING JAYA: Khazanah Nasional Bhd has ceased to be a substantial shareholder of dairy producer Farm Fresh Bhd

, when the former’s full subsidiary Agrifood Resources Holdings Sdn Bhd offloaded 65 million of Farm Fresh’s shares yesterday.

In a filing with Bursa Malaysia, it was revealed that Khazanah, through Agrifood Resources, held 6.487% of Farm Fresh before the disposal, which has now been reduced to 3.023%.

In 2019, Khazanah had acquired about 30% of Farm Fresh, then known as The Holstein Milk Company, as part of the fund’s strategic investment in Malaysia’s food security and dairy self-sufficiency agenda.

Since Farm Fresh went public in March 2022 however, Khazanah has gradually pared down its stake in the dairy and farming player through open market disposals.