PP Tech buys 9% in Denko
Ng Siew Yen | 09 Mar 2018 00:30
Jingzeng Holdings is substantial shareholder of Euro Holdings after acquiring 26 million shares in the latter
UK-based PP Tech Ltd has emerged as a substantial shareholder of Denko Industrial Corp Bhd after acquiring 103.21 million shares or a 9% stake in the company, according to a filing with Bursa Malaysia on March 2.

Denko operates as an investment holding company and its subsidiaries manufacture plastic injection moulding and high-precision plastic parts. 

For its Q3 ended Dec 31, the company returned to the black with net profit of RM1.11 mil from a net loss of RM491,000 in the same quarter last year, mainly due to revenue increase in the manufacturing division. 

The counter closed at RM1.70 on March 8.