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Flexible plastic packaging manufacturer Daibochi Bhd secured shareholders' approval to acquire the entire equity of fellow FPP player Mega Printing & Packaging Sdn Bhd for RM125 million cash. The acquisition aims to expand manufacturing capacity and customer base.
“This acquisition opens up a myriad of opportunities for us to expand our manufacturing capacity, increase our customer base, and derive substantial synergies in the areas of technical resources, research and development (R&D), and raw material procurement.”theedgemalaysia.com
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