Biofutures buys Platinum Nanochem for RM391.50mil


KUALA LUMPUR: Biofutures International Plc, which is listed on Alternative Investment Market of the London Stock Exchange, is taking over Platinum Nanochem Sdn Bhd in an all-share deal valued at £80.8mil (RM391.50mil).

Biofutures is acquiring all the shares of Platinum Nanochem which uses nanotechnology to make speciality chemicals and materials from renewable sources from several shareholders and Asia BioEnergy Technologies Bhd (ABT), an ACE Market company.

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Business , biofutures , Platinum Nanochem , AIMS

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