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MCE Holdings, via its 50%-owned joint venture Eagle MCE, is acquiring an 80% stake in FPE, a plastic injection and tooling fabrication company, for RM1.9 million initial purchase and RM2.775 million capital injection. The acquisition is expected to be completed by 4QFY26.
“The acquisition is strategically positive as it strengthens supply security, enhances cost efficiency and provides a new earnings stream.”klse.i3investor.com
Summarized from public sources; check the original articles before acting on it.