Techbond to acquire 99.57% of Malayan Adhesives and Chemicals for RM57M

Techbond Group Bhd has entered into a conditional share sale agreement to acquire 99.57% equity interest in Malayan Adhesives and Chemicals Sdn Bhd (MAC) for RM57.0 million cash, with plans to acquire the remaining 0.43% from minority shareholders.

“Techbond Group Bhd has entered into a conditional share sale agreement with Chemquest Sdn Bhd to acquire 13.94 million ordinary shares, representing 99.57 per cent equity interest in Malayan Adhesives and Chemicals Sdn Bhd (MAC) for RM57.0 million cash.”bernama.com

• 2 sources
• bernama.comBERNAMA - Techbond to buy 99.57 pct of Malayan Adhesives and Chemicals for RM57.0 mlnDec 27, 2022
• theedgemalaysia.comTechbond embarks on M&A to spur growthJul 19, 2023

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