KUALA LUMPUR (June 14): Tomypak Holdings Bhd has revived its efforts to purchase a stake in flexible plastic packaging manufacturer and seller EB Packaging Sdn Bhd, after earlier Memoranda of Understanding for the deal lapsed in November. On Tuesday (June 13), Tomypak's unit Tomypak Flexible Packaging Sdn Bhd (TFP) entered into two conditional share and sale agreements with the four vendors of EB Packaging to acquire their stakes in the company amounting to 70% for RM73.5 million in cash. TFP also entered into a call and put option agreement with three of the vendors to acquire the remaining 30% stake for a maximum of RM31.

http://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-06-15-story-h-267814851-Tomypak_to_Purchase_Flexible_Plastic_Packaging_Maker_for_Up_to_RM105_Mi

#i3investor