Asia Poly in deal to buy 30% of GB


The company said in a press release that the corporate exercise is expected to be completed by the first quarter of 2021 after a due diligence with regard to the proposed acquisition. (File pic - A worker at the Asia Poly Holdings production line)

PETALING JAYA: Ace Market-listed Asia Poly Holdings Bhd has signed a head of agreement with Gooi Chin Hooi to acquire 30% of the shares in unlisted GB Plas Sdn Bhd for RM15mil.

The company said in a press release that the corporate exercise is expected to be completed by the first quarter of 2021 after a due diligence with regard to the proposed acquisition.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil settles higher on Mideast supply concerns
Powering on data centres
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Making scents of success
Medical insurance premiums on the rise
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
Blackstone, KKR mortgage REITs stung by office debt challenges
Are there too many GPs and is the healthcare system overwhelmed?
Rising data centre ability
Kelington to reap the benefits of a diversified business strategy

Others Also Read