GW Plastics to maintain listing

KUALA LUMPUR: GW Plastics Holdings Bhd will maintain its listing status on Bursa Malaysia after the disposals of Great Wall Plastic Industries Bhd and GW Packaging Sdn Bhd to Scientex Packaging Film Sdn Bhdfor RM283.2mil.

GW Plastics chief executive officer Lim Kok Boon said: “We will be looking for new opportunities to make sure we stay listed. The company will only pick potentially viable activities in order to continue benefitting the shareholders.” Speaking after the company’s EGM here yesterday, he said this would take time as numerous discussions were involved. – Bernama