Perangsang Selangor buys Toyoplas mManufacturing for RM311.25m
KUALA LUMPUR, May 17 — Kumpulan Perangsang Selangor Bhd’s unit, Perangsang Dinamik Sdn Bhd, is acquiring a 100 per cent stake in integrated plastic injection moulding firm, Toyoplas Manufacturing Sdn Bhd, for RM311.25 million.
The purchase of the plastic products manufacturer will be fully funded by a combination of equity and term loan, each amounting to RM161.25 million and RM150.0 million, respectively. The proposed acquisition was made based on the long-term prospects of the global plastic injection moulding market, which was valued at US$326 billion in 2018.
In addition to enhancing business focus, Ahmad Fariz stressed that the acquisition would unlock the full potential of the group’s plastic injection moulding business.
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