Asia Poly mulls diversifying into property development


PETALING JAYA: Asia Poly Holdings Bhd plans to diversify into property development and add value to its existing product by setting up a coating plant to hard coat its cast acrylic sheets.

In a filing with Bursa Malaysia yesterday, the cast acrylic sheet maker announced several proposals, including a proposed rights issue of irredeemable convertible preference shares (ICPS) to fund the plant.

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