Expansion: In announcing the deal, Scientex says the merger with Daibochi will create ‘a formidable regional giant from Malaysia with extensive resources to compete globally.’
OVER the two days since Scientex Bhd
announced plans to acquire 42% of its smaller rival Daibochi Bhd, the group’s share price has soared.
The day after the deal was announced, the share price rose to hit a 10-month high, and on Friday, it climbed a further 13 sen, or 1.47%, to close at RM8.97.
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