Malaysian packaging firm Scientex to take over smaller rival Daibochi for $53m

Malaysian packaging firm Scientex to take over smaller rival Daibochi for $53m

Photo: Scientex

Malaysia-based packaging manufacturer and property developer Scientex Bhd has proposed to acquire a 42.41 per cent controlling stake in smaller rival Daibochi for RM222.5 million ($53 million) or RM1.60 per share, it said in a filing with Bursa Malaysia today.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter