KUALA LUMPUR: Techbond Group Bhd
has entered into a conditional share sale agreement with Chemquest Sdn Bhd to acquire 13.94 million ordinary shares, representing 99.57% equity interest in Malayan Adhesives and Chemicals Sdn Bhd (MAC), for RM57mil cash.
In a filing with Bursa Malaysia, Techbond said it also intended to make several offers to acquire the remaining 0.43% equity interest in MAC, which is held by minority shareholders at about RM4.089 per share, as reported by Bernama.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
