FoundPac proposes to buy 75% stake in DSSB for RM16.5mil


PETALING JAYA: Precision engineering parts fabricator and supplier Foundpac Group Bhd has proposed to acquire a 75% stake in laser stencil company Dynamic Stencil Sdn Bhd (DSSB) for a total cash consideration of RM16.5mil.

The proposed acquisition of DSSB comes with a profit guarantee of not less than the aggregated guaranteed profits of RM9mil over a period of two years.

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