KUALA LUMPUR: Global packaging manufacturer and leading property developer Scientex Bhd
has proposed to launch a takeover of its subsidiary Daibochi Bhd remaining shares and warrants of that it does not already own, at an offer price of RM2.70 per share and 32 sen per warrant, totalling RM345.3mil.
It said on Monday the proposed exercise entails buying 124.78 million Daibochi shares, representing 38.12% of the total issued shares and 26.13 million
warrants, representing 95.75% of the outstanding Daibochi warrants.
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