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KUALA LUMPUR: Maybank and CIMB provided the much-needed boost to the FBM KLCI at the midday break on Thursday while Scientex advanced as investors were positive on its takeover of competitor Daibochi.
KUALA LUMPUR: Blue chips managed to edge up slightly higher early on Thursday, aided by a mild rebound in Dialog Group but Scientex and Daibochi diverged after their corporate exercise.
KUALA LUMPUR: Shares of Scientex Bhd were up over 2% in early trade Thursday following news on its proposed acquisition of a 42.41% stake in Daibochi Bhd for RM222.5mil.
KUALA LUMPUR: Scientex Bhd, Daibochi Bhd, Gas Malaysia Bhd, Advancecon Holdings Bhd, GHL Systems Bhd, SP Setia Bhd and Amway (M) Holdings Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
KUALA LUMPUR: CIMB Equities Research views Scientex’s takeover of Daibochi as long-term positive for the latter as the corporate exercise offers its shareholders a more diversified and strong plastics business.
PETALING JAYA: Scientex Bhd will launch a mandatory general offer (MGO) for Daibochi Bhd to expand the flexible packaging business after proposing to acquire a controlling 42.41% stake for RM222.50mil in a share swap.
KUALA LUMPUR: Scientex Bhd will launch a mandatory takeover of Daibochi Bhd to expand the flexible packaging business after it acquired a controlling 42.41% stake for RM222.50mil in a share swap.
PLASTIC and packaging companies which have benefited from the general demand for plastics due to convenience sake may potentially face a growing backlash as environmental concerns gather momentum.
PETALING JAYA: Flexible packaging manufacturer Daibochi Bhd saw its revenue for the second quarter ended June 30 hitting a record high of RM106.4mil, growing 22.5% from a year ago.
KUALA LUMPUR: Flexible packaging manufacturer Daibochi Bhd saw its revenue for the second quarter ended June 30, 2018, hit a record high of RM106.4mil, growing 22.5% from a year ago.