Asia Poly in deal to buy 30% of GB

The company said in a press release that the corporate exercise is expected to be completed by the first quarter of 2021 after a due diligence with regard to the proposed acquisition. (File pic - A worker at the Asia Poly Holdings production line)

PETALING JAYA: Ace Market-listed Asia Poly Holdings Bhd has signed a head of agreement with Gooi Chin Hooi to acquire 30% of the shares in unlisted GB Plas Sdn Bhd for RM15mil.

The company said in a press release that the corporate exercise is expected to be completed by the first quarter of 2021 after a due diligence with regard to the proposed acquisition.