PPB Group buys Techbond stake

The acquisition was made by Techbond’s majority shareholder Sonicbond Sdn Bhd.

PETALING JAYA: PPB Group Bhd has emerged as a substantial shareholder in industrial adhesives and sealant developing and manufacturing company, Techbond Group Bhd, after buying a 15% stake in the group for RM37.67mil.

The acquisition, which includes a total of 82.39 million ordinary shares and 34.05 million issued and unexercised warrants, was obtained from Techbond’s majority shareholder, Sonicbond Sdn Bhd.