PETALING JAYA: Pelikan International Corp Bhd
’s earnings growth will be underpinned by the reformed Herlitz AG, which will hold key European and Latin American sales units once its corporate exercise is concluded.
Pelikan has proposed to inject its core stationery sales and distribution assets into its 70.9%-owned subsidiary Herlitz, which will see it raise RM462mil through offer for sale and private placement of new shares by Herlitz.
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