Tomypak Holdings Bhd proposed to acquire a 100% stake in Johor-based packaging manufacturer EB Packaging Sdn Bhd for RM120 million to bolster its packaging manufacturing capacity after a fire incident at its Senai plant.

Can-One shareholders have backed a MYR 917.2 million offer for Kian Joo, a Malaysian packaging company.

Scientex agreed to acquire a 42.41% stake in Daibochi through a share swap valued at RM222.5 million, with a mandatory general offer for the remaining stake under consideration.

Tomypak Holdings Bhd, via its subsidiary Tomypak Flexible Packaging, proposed to acquire a 70% equity interest in flexible plastic packaging firm EB Packaging Sdn Bhd for RM73.5 million, with completion expected in Q4 2023.

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.

Can-One Bhd signed a sale and purchase agreement to sell F&B Nutrition Sdn Bhd to Wholesome Dairies Pte Ltd for between RM800 million and RM1 billion. Proceeds will pay down about RM750 million of bank borrowings used to privatise Kian Joo Can Factory.

Malaysian packaging services firm Scientex agreed with several vendors to acquire a 42.41% controlling stake in Daibochi for MYR222.5 million ($53.11 million), subject to a conditional share sale agreement.

Japan's Rengo acquired a 25% stake in United Packaging Malaysia Pte Ltd, a corrugated box maker in Shah Alam near Kuala Lumpur, in early 2018.