Guan Chong Berhad (KLSE:GCB) has attracted the interest of Singapore-listed food and agri-business player Olam International Limited (SGX:O32). According to sources, Olam is looking to acquire a stake in Guan Chong to tap into its expanding cocoa grinding capacity globally. It is unclear how significant the stake Guan Chong may sell to Olam would be, as talks are underway.

When contacted by The Edge, both Guan Chong and Olam declined to comment on the potential corporate exercise. Olam does not comment on market speculation and we will update the market if there are any material developments,â Olam says in an email reply. If the deal is successfully concluded, it may help Guan Chong gain attention from the investing fraternity.