SINGAPORE > Malaysia based Masmeyer Holdings, and Malaysia-listed Asia File Corp are set to invest in Singapore based Innopac Holdings

Innopac logo Innopac Holding plans S$8.4 million ($6.08 million) stock placement that will result in a change of control, as well as a related disposal of five subsidiaries and an S$2.5 million ($1.81 million) secured loan facility. The company further declared that it will place 8.4 billion new shares at 0.1 Singapore cent a piece to 11 individual investors and the new More …