PETALING JAYA: Tien Wah Press Holdings Bhd has been awarded a tender by the British American Tobacco (BAT) group in Indonesia entitling it to buy a BAT group member involved in printing and, along with that, a six-year contract to supply packaging materials.
The company, which derives more than 80% of its revenue from printing packaging materials for the tobacco industry, told Bursa Malaysia yesterday that the acquisition price for the tender was about 304 billion rupiah (RM96.73mil).
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