PETALING JAYA: PPB Group Bhd has emerged as a substantial shareholder in industrial adhesives and sealant developing and manufacturing company, Techbond Group Bhd, after buying a 15% stake in the group for RM37.67mil.
The acquisition, which includes a total of 82.39 million ordinary shares and 34.05 million issued and unexercised warrants, was obtained from Techbond’s majority shareholder, Sonicbond Sdn Bhd.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
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!