Tomypak to acquire 70% stake in EB packaging

KUALA LUMPUR: Tomypak Holdings Bhd (Tomypak), through its wholly-owned subsidiary, Tomypak Flexible Packaging Sdn Bhd (TFP), has proposed to acquire 70 per cent equity interest in EB Packaging Sdn Bhd (EB) for RM73.5 million.

This comprises the proposmed acquisition of 29.29 per cent equity interest in EB from Siow Chew Kiong, Teo Kee Lin, Hoo Jik Heng and Teo Peng Hong (collectively, promoters) for RM30.75 million, as well as the acquisition of 40.71 per cent equity interest from RMCP Plastics Holdings Sdn Bhd for RM42.74 million.