Fumakilla to buy 70% of Texchem subsidiaries


GEORGE TOWN: Fumakilla Ltd Japan (FMJ) is taking up a 70% interest in Texchem Resources Bhd's (TRB) subsidiaries Technopia Sdn Bhd and PT Technopia Jakarta for RM127.2mil (US$42.4mil).

TRB chairman Tan Sri Fumihiko Konishi said in a press conference that the unique feature of the deal was that after TRB's disposal of its stake, the existing TRB management in Technopia Sdn Bhd and PT Technopia Jakarta would still be maintained.

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