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Article: Malaysia: WWE plans to buy packaging firm.
- Article from:
- TendersInfo
- Article date:
- December 28, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
WWE Holdings Bhd has proposed to acquire a packaging and printing company, Seribu Emas Bhd, for RM128mil under its restructuring plan.
The acquisition is to be satisfied via payment of RM15mil cash and the issuance of 226 million new shares in a new company (newco) at 50 sen each.
The proposed acquisition of Seribu Emas is an integral part of WWE s restructuring and ...