SKP Resources to buy Tecnic to create major plastic parts maker?

PETALING JAYA: Low-profile Datuk Gan Kim Huat is consolidating his businesses in two listed companies, SKP Resources Bhd and Tecnic Group Bhd, in a move that will pave the way for the establishment of a major plastic parts manufacturer.

Yesterday, the share prices of SKP and Tecnic climbed to all-time highs of 71 sen and RM5.08, respectively, before both stocks were suspended, “pending a material announcement”.