# 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.

- Type: Acquisition
- Announced: 2020-08-12
- Where: Parit Buntar, Perak, Malaysia
- Value: $3.55M (15.0M MYR)
- Status: announced
- Products: corrugated cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Muda Holdings](https://endata.com/companies/6878.md) (acquirer)
- [Quantum Total Packages](https://endata.com/companies/6879.md) (target)

## Sources

- [klsescreener.com](https://www.klsescreener.com/v2/news/view/713311/muda-buys-60-stake-in-corrugated-carton-maker), 2020-08-12: "Federal Packages Sdn Bhd entered into a Share Sale and Purchase Agreement to acquire 60% equity interest in Quantum Total Packages Sdn Bhd"
- [thestar.com.my](https://www.thestar.com.my/business/business-news/2020/08/12/muda-buys-60-stake-in-corrugated-carton-maker), 2020-08-12: "The move, Muda told the stock exchange today, was part of its strategy to further expand its corrugated carton business and to increase consumption of the group's industrial grade paper."

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