Formidable group to emerge, say analysts
KUALA LUMPUR: Scientex Bhd
’s proposed privatisation of subsidiary Daibochi Bhd is expected to pave the way for the combined entities to achieve greater business flexibility and stronger manufacturing capabilities.
On Monday, packaging manufacturer and property developer Scientex had proposed a voluntary takeover exercise that would entail buying 38.12% of Daibochi’s issued shares, excluding treasury shares, for RM2.70 a piece and 95.75% of its outstanding warrants for 32 sen each.
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