Shandong Hua Hui Food Ltd. entered into a heads of agreement to acquire Farm's Best Bhd (KLSE:FARMBES) from F.C.H. Holdings Sdn Bhd, Dato. Fong Kok Yong, Datuk Fong Kiah Yeow, Fong Ngan Teng, Fong Choon Kai and Priam Holdings Limited in a reverse merger transaction on January 20, 2014. Under the terms, Farm's Best Bhd will issue 760 million shares to Shandong Hua Hui Food Ltd.A conditional sale and purchase agreement was entered into on June 12, 2014. Upon completion, Liew Seng Aun and Low Ai Moi will resign as Directors and Datuk Hj. Zainal Bin Hj. Shamsudin, Zhu Zongying, Dato? Fong Kok Yong, Xu Maolei, Zheng Wendi, Sun Jinpeng Mohd Khasan Bin Ahmad and John Ong Kaik Yong will appointed to the new Board. The transaction is conditional upon approval from the Securities Commission, approval-in-principle of Bursa Securities for delisting of Farm's Best's common stock, approval of the shareholders and Board of Directors of Farm's Best, completion of due diligence, third party approval, approval from the High Court of Malaya, listing approval for new shares of Shandong Hua Hui Food, and entering into an agreement by Xu Maolei for the acquisition of Shandong Hua Hui Food Ltd. The deal is expected to be completed by the fourth quarter of 2014.

As of September 22, 2104, application for the merger is filed to Securities Commission. As on December 11, 2014, the parties to the transaction agreed to extend the conditional period under the agreement to twelve months from the date of the agreement, until June 11, 2015. M&A Securities Sdn Bhd acted as financial advisor for Farm's Best Bhd. FHMH Corporate Advisory Sdn Bhd acted as fairness opinion provider to the Board of Farm's Best Bhd.

As of April 13, 2015 Securities Commission decided not to approve the application.

Shandong Hua Hui Food Ltd. cancelled the acquisition of Farm's Best Bhd (KLSE:FARMBES) from F.C.H. Holdings Sdn Bhd, Dato. Fong Kok Yong, Datuk Fong Kiah Yeow, Fong Ngan Teng, Fong Choon Kai and Priam Holdings Limited in a reverse merger transaction on May 8, 2015. Farm's Best Bhd will not appeal against the decision of Securities Commission.