Corporate News

Asia Poly acquires 30% stake in GB Plas

By Toh Kar Inn

PETALING JAYA: Cast acrylic sheet manufacturer Asia Poly Holdings Bhd is acquiring 30% equity in its competitor GB Plas Sdn Bhd for RM15mil.

In a press release on Wednesday, Asia Poly said it had entered into a heads of agreement with GB Plas managing director and largest shareholder, Gooi Chin Hooi, who owns 65% equity.

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Asia Poly , GB Plas , acquisition , cast acrylic sheet

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