Malayan Adhesives and Chemicals Sdn Bhd

Techbond Group Berhad received shareholder approval to acquire up to 100% equity interest in Malayan Adhesives And Chemicals Sdn. Bhd. for approximately RM57.25 million. The acquisition includes a 99.57% stake from Chemquest Sdn. Bhd. and the remaining 0.43% from minority shareholders.

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.