# 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.

- Type: Acquisition
- Announced: 2022-01-27
- Where: Penang, Malaysia
- Value: $4.00M (5.40M SGD)
- Status: announced
- Products: advanced polymer and composite materials, coatings, adhesives, fillers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Frencken Group](https://endata.com/companies/60627.md) (acquirer)
- [Penchem Technologies](https://endata.com/companies/60628.md) (target)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/frencken-to-take-majority-stake-in-malaysian-polymer-company-penchem-for-s5.4m), 2022-01-27: "Frencken said the partnership will allow it to significantly leverage on the synergistic benefit arising from global market accessibility of both companies."

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