Perangsang Selangor buys Toyoplas for RM311mil


Kumpulan Perangsang Selangor, in a filing with the stock exchange, said Perangsang Capital Sdn Bhd, had made a lodgement to the Securities Commission for the setting up of the programme under the syariah principle of murabahah.

KUALA LUMPUR: State owned Kumpulan Perangsang Selangor Bhd (KPS) is buying a 100% stake in plastic injection moulding firm Toyoplas Manufacturing (M) Sdn Bhd for RM311.25mil cash.

Toyoplas is an integrated player with mould fabrication, precision injection moulding and assembly operations across seven locations in China, Malaysia and Indonesia, Perangsang Selangor said in a filing with Bursa Malaysia today.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

China pivotal to MNCs' global biz strategy
CMM, BCG publish report on venture capital funding in Malaysia
MMAG granted waiver from GN3 status
I-Berhad posts earnings jump to RM12.94mil in 3Q
EA Technique unit bags three contract extensions with PETRONAS for RM63.9mil
CelcomDigi records 3Q net profit of RM436.98mil, declares 3.6c div/share
FBM KLCI rebounds over 10 points to cross 1,600 level
Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years
RM11 MAHB privatisation offer provides immediate gains for investors - CIMB
Oil prices edge higher after Russia-Ukraine tensions escalate

Others Also Read