Fine Organic Industries to acquire 80% stake in Oleofine Organics for MYR 34.2 million

Fine Organic Industries Limited signed a letter of intent to acquire an 80% stake in Oleofine Organics Sdn. Bhd. from Smoothex Chemicals Pvt Ltd and other shareholders for MYR 34.2 million. The deal was signed on May 19, 2026, and share transfer agreements were executed on September 2, 2026.

“Fine Organic Industries Limited signed a letter of intent to acquire 80% stake in Oleofine Organics Sdn. Bhd. from Smoothex Chemicals Pvt Ltd and other shareholders for MYR 34.2 million.”marketscreener.com

• 1 source
• marketscreener.comFine Organic Industries Limited agreed to acquire 80% stake in Oleofine Organics Sdn. Bhd. from Smoothex Chemicals Pvt Ltd and other shareholders for MYR 34.2 million. | MarketScreenerS&P Capital IQMay 18, 2026

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