Tomypak shareholders approve RM73.5mil acquisition of EB Packaging

KUALA LUMPUR: Tomypak Holdings Bhd has received its shareholders’ nod for the acquisition of a 70% stake in EB Packaging Sdn Bhd by its wholly owned subsidiary Tomypak Flexible Packaging Sdn Bhd for RM73.5mil.

In a statement, Tomypak, which is involved in flexible food packaging, said its shareholders also approved the call and put options for the remaining 30% equity interest of EB Packaging at a maximum of RM31.5mil.