PETALING JAYA: Hong Kong-listed Hengan International Group Co Ltd is making a mandatory takeover offer for Wang-Zheng Bhd
after acquiring a majority stake in the diaper and sanitary product maker for RM91.2mil or RM1.14 per share.
Hengan International’s indirect unit, Hengan (M) Investments Co Ltd, signed an agreement yesterday to buy 80 million Wang-Zheng shares, representing a 50.4% stake, from Wang-Zheng’s largest shareholder Wang-Zheng Resources Sdn Bhd and three others.
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