Scientex to buy Daibochi stake for RM222.5m

TheStar Tue, Dec 11, 2018 07:56am - 5 years View Original


In a filing with Bursa Malaysia, Scientex said it had signed the agreement with certain shareholders of Daibochi or the vendors to purchase over 139.06 million ordinary shares in Daibochi via a share-swap deal

In a filing with Bursa Malaysia, Scientex said it had signed the agreement with certain shareholders of Daibochi or the vendors to purchase over 139.06 million ordinary shares in Daibochi via a share-swap deal

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.

In a filing with Bursa Malaysia, the company said it had signed the agreement with certain shareholders of Daibochi or the vendors to purchase over 139.06 million ordinary shares in Daibochi via a share-swap deal.

The conditional share sale agreement followed the signing of a heads of agreement between both parties last month in relation to the proposed acquisition, which will be carried out at RM1.60 per Daibochi share.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.460
SCIENTX 4.130
SCIPACK 2.050

Comments

Login to comment.