PETALING JAYA: Packaging materials manufacturer and property developer Scientex Bhd has launched a mandatory general offer (MGO) for Daibochi Bhd at RM1.59 per offer share.
The MGO was initiated yesterday after Scientex’s proposed acquisition of a 42.4% controlling stake in Daibochi, a flexible packaging provider, turned unconditional following the group’s shareholders’ approvals for the deal at its EGM on Monday.
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