Scientex was among the top gainers as investors were positive about its purchase of Mondi Ipoh Sdn Bhd (MISB) for RM58mil cash to expand its consumer packaging division.
PETALING JAYA: Packaging material maker Scientex Bhd
has inked a conditional share sale agreement to acquire a 42.41% stake in its smaller rival Daibochi Bhd for RM222.5mil.
In a filing with Bursa Malaysia, the company said it had signed the agreement with certain shareholders of Daibochi or the vendors to purchase over 139.06 million ordinary shares in Daibochi via a share-swap deal.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
