Muda Holdings to buy 60% of Quantum Total Packages for RM15M

Muda Holdings, through subsidiary Federal Packages, agreed to acquire a 60% equity stake in Quantum Total Packages, which runs a corrugated carton factory in Parit Buntar, Perak, for RM15 million. The purchase price was based on net asset value and projected profit.

“Federal Packages Sdn Bhd entered into a Share Sale and Purchase Agreement to acquire 60% equity interest in Quantum Total Packages Sdn Bhd”klsescreener.com

• 2 sources
• klsescreener.comMuda buys 60% stake in corrugated carton maker | KLSE ScreenerAug 12, 2020
• thestar.com.myMuda buys 60% stake in corrugated carton maker | The StarAug 12, 2020

Summarized from public sources; check the original articles before acting on it.