# Scientex to acquire 42.41% stake in Daibochi for MYR222.5m

Malaysian packaging services firm Scientex agreed with several vendors to acquire a 42.41% controlling stake in Daibochi for MYR222.5 million ($53.11 million), subject to a conditional share sale agreement.

- Type: Acquisition
- Announced: 2018-11-23
- Where: Malaysia
- Value: $53.1M (222.5M MYR)
- Status: announced
- Products: flexible packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Scientex](https://endata.com/companies/4216.md) (acquirer)
- [Daibochi](https://endata.com/companies/4217.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/deals-and-mas-this-week-tetra-pak-nestle-nespresso-scientex/), 2018-11-23: "Scientex, a packaging services firm based in Malaysia, has agreed with several individual vendors to acquire a 42.41% controlling stake in Daibochi for a sum of MYR222.5m ($53.11m)."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/scientex-to-buy-daibochi/), 2018-12-11: "Scientex has signed a conditional share sale agreement (CSSA) with vendors for the proposed acquisition of a 42.41% controlling stake in flexible packaging firm Daibochi."

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