# PPB Group acquires 15% stake in Techbond for RM38M

PPB Group acquired a 15% stake in Techbond (TECHBND) for RM38 million in cash, with additional warrants potentially increasing total outlay to RM49 million. The deal follows Techbond's earlier acquisition of PPB's adhesive unit Malayan Adhesives and Chemicals.

- Type: Acquisition
- Announced: 2024-06-18
- Where: Malaysia
- Value: $8.10M (38.0M MYR)
- Status: announced
- Products: industrial adhesives, sealants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PPB Ltd](https://endata.com/companies/14765.md) (acquirer)
- [Techbond Group](https://endata.com/companies/45546.md) (target)
- [Sonicbond Sdn Bhd](https://endata.com/companies/78091.md) (partner)

## Sources

- [businesstoday.com.my](https://www.businesstoday.com.my/2024/06/18/ppb-group-acquires-stake-in-techbond-strengthening-industrial-adhesives-segment/), 2024-06-18: "PPB Group has acquired a 15% stake in Techbond (TECHBND) for RM38 million in cash"

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