The encroachment of 428 foreign fishing vessels into territorial waters has resulted in an estimated loss of a whopping RM823.88 million from 2020 to 2023, according to Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.
Widad Group Bhd, in a response to a Bursa Malaysia query, said it was not aware of any corporate development relating to the group’s business that has not been previously announced that may account for the activity, including those in the negotiation stage or discussion for several business proposals which were still under preliminary discussions.