Versatile Creative gains traction on back of 6.2% stake in Iris


LITTLE-KNOWN packaging and printing materials manufacturer Versatile Creative Bhd’s (VCB) share price exceeded its takeover offer of 50 sen a share during trade yesterday following its proposal to hive off 126.42 million Iris Corp Bhd shares, which are worth some RM56.89mil based on the latter’s market price.

The stock was last done at 49.5 sen.

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