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aws试用账号(www.2km.me)_Asia Poly to buy company for RM24mil

admin2022-01-1514

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The cast acrylic sheet manufacturer said the proposed acquisition would allow the group to expand its production capacity up to 3,200 tonnes per month to meet the growing demand from overseas customers especially from the United States and Middle East.

KUALA LUMPUR: Asia Poly Holdings Bhd has proposed to acquire a 100% stake in Keng Imports & Exports Sdn Bhd (KIESB) for RM24.01mil.

The cast acrylic sheet manufacturer said the proposed acquisition would allow the group to expand its production capacity up to 3,200 tonnes per month to meet the growing demand from overseas customers especially from the United States and Middle East.

In a filing with Bursa Malaysia, the company said its wholly-owned subsidiary, Asia Poly Industrial Sdn Bhd (API), had yesterday entered into a share sale agreement with 10 vendors for the proposed acquisition of KIESB, which owns an industrial land, measuring 18,364 sq m, in Kapar, Klang.The proposed acquisition would be financed via internally generated funds and bank borrowings, Asia Poly said.


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