Aji­nomoto dis­poses of stake in May­pak

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Aji­nomoto (Malaysia) Bhd is dis­pos­ing of its 5% equity in­ter­est in Malaysia Pack­ag­ing In­dus­try Bhd (May­pak) to Tai­sei Lam­ick Co Ltd for RM1.37 mil­lion.

In a fil­ing with Bursa Malaysia yes­ter­day, the com­pany said that it has ac­cepted the un­con­di­tional manda­tory takeover of­fer from Tai­sei to dis­pose of its en­tire share­hold­ing of 2.1 mil­lion or­di­nary shares of RM1 each in the cap­i­tal of May­pak at an of­fer price of 65 sen per share.

May­pak is a man­u­fac­turer of flex­i­ble pack­ag­ing ma­te­ri­als for var­i­ous in­dus­tries. Its prod­ucts in­clude re­tort pouch, dairies pack­ag­ing, con­dom pack­ag­ing as well as pack­ag­ing for bev­er­ages and frozen foods.

Be­sides con­ven­tional pack­ag­ing prod­ucts, it also pro­duces spe­cial ap­pli­ca­tion pack­ag­ing for the med­i­cal, pro­phy­lac­tics, phar­ma­ceu­ti­cal, spe­cial food, sea­son­ing and elec­tronic in­dus­try.

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