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Business

Scientex makes mandatory general offer for Daibochi at RM1.59

PETALING JAYA: Packaging materials manufacturer and property developer Scientex Bhd has launched a mandatory general offer (MGO) for Daibochi Bhd at RM1.59 per offer share.

Business

Daibochi bullish on Myanmar venture

MYANMAR’s growing population, rising income levels and low cost business environment are among the key attractions that led to Daibochi Plastic and Packaging Industry Bhd’s decision to expand into the country.

Business

CIMB Research retains Reduce call on Daibochi

KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce call on Daibochi Plastic &Packaging pending further financial details on the Myanmar joint venture at the company's 1Q17 results briefing this Friday.

Business

Myanmar JV expected to lift Daibochi profit

PETALING JAYA: Daibochi Plastic & Packaging’s (Daibochi)’s proposed Mynmar joint-venture is expected to boost its profitability once the project is approved although the company’s net gearing will rise.

Business

CIMB Research views Scientex takeover of Daibochi as positive

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.

Business

Daibochi Q4 earnings up by a third to RM8mil

PETALING JAYA: Daibochi Plastic and Packing Industry Bhd saw its earnings jump 33.7% to RM7.93mil in the fourth quarter ended Dec 31, 2017, boosted by new contributions from Daibochi Myanmar, improved wastage control, enhanced operating efficiency and a better sales mix.

Corporate News

Daibochi Q4 earnings up by a third to nearly RM8m

KUALA LUMPUR: Daibochi Plastic and Packing Industry Bhd saw its earnings jump 33.7% to RM7.93mil in the fourth quarter ended Dec 31, 2017 boosted by new contributions from Daibochi Myanmar, improved wastage control, enhanced operating efficiency, and better sales mix.

Business

Daibochi sees better performance in second half

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which yesterday reported a 14% dip in first half-year net profit, expects a better performance in the second half as it banks on its newly-operational first overseas plant in Yangon, Myanmar.

Business

Scientex buying controlling stake in Daibochi for RM222m, to launch takeover

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.

Business

Scientex to buy Daibochi stake for RM222.5m

PETALING JAYA: Packaging material maker Scientex Bhd has inked a conditional share sale agreement to acquire a 42.41% stake in its smaller rival Daibochi Bhd for RM222.5mil.