Related-party acquisition. Evergreen has announced an acquisition of an additional 41.8% equity interest in Dawa Timber Industries (M) S/B (DTI) for RM6.27m from Evergreen Timber Products Pte Ltd (ETP). DTI is already a 44.67%-owned associate of Evergreen, while ETP is majority-owned by the Kuo family. DTI’s principal activity is manufacturing of fancy plywood.
Evergreen Fibreboard Berhad : Related-party Acquisition of 41.8% Interest in Dawa Timber Industries For RM6...
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