Malaysian Mieco Chipboard Bhd. has reached an agreement with SYF Resources Bhd (both Kuala Lumpur) to acquire Seng Yip Furniture Sdn. Bhd. (SYFSB). The purchase price was set at MYR50m - equivalent to about US$12m - in cash, which Mieco intends to raise through a capital increase. Originally established as a company ...
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