Evergreen to buy plant, properties

 

Kuala Lumpur : Evergreen Fibreboard Berhad said its wholly-owned unit Evergreen Fibreboard (JB) Sdn Bhd plans to acquire a fibreboard plant and other properties for RM107mil from Takeuchi MDF Sdn Bhd.

 

The company said it would acquire all plant, equipment, machinery, tools, furniture, fittings, vehicles and inventories owned by Takeuchi MDF.

 

The company would also acquire Takeuchi's contracts with its customers and suppliers, it said.

 

The proposed acquisition would allow the company to broaden its product range and expand its business to include the manufacture and sale of "extra thin" medium density fibreboards, it said. - AFX-Asia.