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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

Next In Business News

Greatech Technology's net profit improves to RM154.99mil in FY24
Sime Darby Auto Connexion invests RM16.6mil in 3S centre in Penang
Taiwan's ASE opens 5th semiconductor plant in Penang
EXIM Bank appoints Nurbayu as president and CEO
Eco World buys remaining 40% in Paragon Pinnacle
Able Global CEO and chairman released from MACC remand
MyEG optimistic about long-term growth, plans AI and blockchain expansion globally
Sunzen disposes of loss-making animal health subsidiaries for RM17.3mil
Glostrext posts record net profit and revenue in 9MFY25, surpassing FY24 totals
Deleum wins contract from PETRONAS Carigali

Others Also Read