# CCM restructures: Usaha Pharma to acquire three polymer subsidiaries

Chemical Company of Malaysia Bhd (CCM) is undertaking an internal restructuring. Its wholly-owned subsidiary Usaha Pharma (M) Sdn Bhd will acquire the entire equity interest of Innovative Polymer Systems Sdn Bhd, Innovative Resins Sdn Bhd and Delta Polymer Systems Sdn Bhd from CCM and CCM Usaha Kimia (M) Sdn Bhd for a total consideration of approximately RM126.4 million.

- Type: Acquisition
- Announced: 2026-11-09
- Where: Malaysia
- Value: $28.0M (126.4M MYR)
- Status: announced
- Products: hydrogel coating products, industrial cleaner and coating products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Chemical Company of Malaysia](https://endata.com/companies/38868.md)
- [Innovative Resins](https://endata.com/companies/86891.md) (target)
- [Usaha Pharma (M) Sdn Bhd](https://endata.com/companies/95303.md) (acquirer)
- [Innovative Polymer Systems Sdn Bhd](https://endata.com/companies/95304.md) (target)
- [Delta Polymer Systems Sdn Bhd](https://endata.com/companies/95305.md) (target)
- [CCM Usaha Kimia (M) Sdn Bhd](https://endata.com/companies/95306.md) (partner)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/ccm-embarks-internal-restructuring), 2026-11-08: "The proposed businesses and assets acquisitions of Innovative Polymer and Delta Polymer are expected to promote synergy within the Innovative group through the consolidation of the polymer businesses into a single entity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.