From left: HARPS Investment Asia Pte Ltd director Veronica How Mei Yen, Flexidynamic Holdings Bhd deputy managing director Ben Sin, FormTech Engineering (M) Sdn Bhd managing director Dietmar Trumm and FormTech Engineering chief financial officer Valluvan A. Peramuthu.
KUALA LUMPUR: Flexidynamic Holdings Bhd
has entered into two share sale agreements (SSAs) — one with HARPS Investment Asia Pte Ltd (HIA) and another with two minority shareholders — to acquire a 100% equity interest in Nilai-based glove former manufacturer Formtech Engineering (M) Sdn Bhd.
In a statement, the rubber glove solutions provider said under the terms of the SSAs, Flexidynamic will acquire the entire issued share capital of Formtech, comprising 8.3 million ordinary shares.
