Frencken to acquire 50% stake in Penchem Technologies for S$5.4m

Frencken Group entered into an agreement to acquire a 50% stake in Malaysian polymer company Penchem Technologies for RM15.6 million (S$5.2 million) and subscribe for additional shares, totaling S$5.4 million.

“Frencken said the partnership will allow it to significantly leverage on the synergistic benefit arising from global market accessibility of both companies.”businesstimes.com.sg

• 1 source
• businesstimes.com.sgFrencken to take majority stake in Malaysian polymer company Penchem for S$5.4m - The Business TimesUma DeviJan 27, 2022

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