Flexidynamic Announces Strategic Investment in Gammatech for Gamma Radiation Sterilisation Technology
KUALA LUMPUR, June 13, 2024 - (ACN Newswire) - Flexidynamic Holdings Berhad ("Flexidynamic" or the "Company"), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce that the Company has entered into a binding letter of intent ("LOI") with Gammatech Sdn Bhd ("Gammatech") for the subscription of 51% of the enlarged issued share capital in Gammatech, at a total subscription price of RM1,040,816 or RM1.00 per new ordinary share. Upon the completion of the Subscription, Gammatech will become a 51%-owned subsidiary of Flexidynamic. Gammatech, a private...