Scientex to buy Mondi Ipoh for RM58mil


PETALING JAYA: Scientex Bhd has entered into a share purchase agreement with Mondi Consumer Packaging International GmBH to acquire 21.05 million ordinary shares of RM1 each, or the entire paid-up capital of Mondi Ipoh Sdn Bhd for RM58mil.

Upon completion of the proposed acquisition, Mondi Ipoh will become a wholly-owned subsidiary of the company.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , Scientex , Mondi , acquisition , stocks , shares , klci , klse ,

   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read