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PETALING JAYA: Flexible plastic packaging maker Scientex Bhd, which has launched a mandatory general offer (MGO) for Daibochi Bhd, saw its shares hit a 10-month high after announcing the proposed corporate exercise.
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.
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’s plans to become a regional consumer packaging player and the world’s third-largest industrial stretch film maker would materialise this year, said UOB KayHian in a report.
JOHOR Baru: Property developer Scientex Bhd has unveiled its latest township development in Senai, Johor, the 121-acre Taman Scientex Utama with estimated gross development value (GDV) of RM1.3bil.
PETALING JAYA: Scientex Bhd is set to build a biaxially-oriented polypropylene (BOPP) plant in Malaysia with Futamura Chemical Co Ltd (FCC).
PETALING JAYA: Affin Hwang Capital Research has initiated coverage on packaging material maker Scientex Bhd, with a “buy” rating and a target price of RM10.10.