Quarterly loss: Production line at Denko’s factory. Denko posted a net loss of RM18,000 in the second quarter of financial year 2017.
PETALING JAYA: Singaporean businessman Foo Chee Juan has launched a conditional voluntary takeover bid for Denko Industrial Corp Bhd as he possibly seeks to consolidate and strengthen his business footprint in the Malaysian plastic injection moulding sector.
In a filing with Bursa Malaysia, Denko, which is involved in plastic injection moulding and a wholesale of foodstuff, has announced the offer from Oregon Technology Sdn Bhd (OTSB) to acquire all of its ordinary shares at 55 sen cash a share.
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