Oji
Holdings Corporation and Marubeni Corporation have agreed to enter into a sale
and purchase agreement to acquire a total of 76% (40% and 36%, respectively) of
the issued shares of Tele-Paper (M) Sdn Bhd ("TP"), a converting and
printing company in Malaysia.
By acquiring the shares of the converting and printing company TP, OJI seeks to
expand the upstream business of OJI’s thermal paper and carbonless paper
business into the downstream processing field, thus strengthening its position
and business in Southeast Asia.
Tele-Paper (M) Sdn Bhd is a converting and printing company which conducts its businesses through the manufacture and sale of its key products mainly in thermal paper and carbonless paper to retailers, logistics, airline, medical, office supplies, banking, lottery and other various Thermal paper-related industries in Malaysia.
