Scientex was among the top gainers as investors were positive about its purchase of Mondi Ipoh Sdn Bhd (MISB) for RM58mil cash to expand its consumer packaging division.
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.
It was also among the top gainers in the local bourse as investors viewed Scientex’s proposed takeover of Daibochi, a rival packaging manufacturer, as a positive move.
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