PETALING JAYA: Mieco Chipboard Bhd plans to undertake a private placement exercise to fund the acquisition of loss-making Seng Yip Furniture Sdn Bhd for RM50mil and for working capital purposes.
Seng Yip is a wholly-owned unit of SYF Resources Bhd. Post-acquisition, Seng Yip will become a wholly-owned unit of Mieco.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!