Scientex in RM345m takeover of subsidiary Daibochi thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Monday, 05 Apr 2021 06:54 PM MYT
KUALA LUMPUR, April 5 Scientex Quatari Sdn Bhd and Scientex (Skudai) Sdn Bhd propose to acquire three pieces of freehold agricultural land in Seberang Perai Utara, Penang worth RM246.67 million, for mixed-property development.
“However, it is currently too preliminary to ascertain the exact total gross development value, development cost, the expected commencement and completion dates of the development and the expected profits to be derived from the development,” Scientex said in a Bursa Malaysia filing.
The group noted that the proposed acquisitions represent a strategic investment opportunity to increase and boost its existing landbank.
The landbank expansion is also in line with Scientex Group’s goal to build more affordable homes, with an objective of completing 50,000 units nationwide by 2028.
Undergraduates, lecturers gain insights from plastics industry veterans via webinar 29 Dec 2020 / 15:30 H.
KUALA LUMPUR: Over 200 undergraduates and lecturers had the opportunity to hear from industry veterans across the spectrum of the plastics industry in a two-day webinar held recently.
Titled the Malaysian Plastics Manufacturers Association (MPMA)-Chevron Phillips Chemical ‘Why Plastics?’ Webinar 2020, it was held in collaboration with the Institution of Chemical Engineers (IChemE) Malaysia.
The webinar was designed as an information-sharing avenue between academia and industry to address misconceptions of the plastics industry, the complexities of the plastics pollution issue, and how the industry is striving to achieve its sustainability goals.