Trading halt ignites talk of potential Scientex-Daibochi merger

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KUALA LUMPUR (Nov 13): Both Scientex Bhd and Daibochi Bhd have announced a halt to share trading tomorrow (Nov 14), sparking expectations of a merger announcement. 

In separate filings with Bursa Malaysia today, the two plastic packaging companies said Bursa Securities has approved their request for the suspension pending the release of a material announcement.

Scientex shares fell 13 sen or 1.48% to close at RM8.67 today, with 75,200 shares done, for a market value of RM4.24 billion. Daibochi shares, meanwhile, closed one sen or 0.51% higher at RM1.99 today, with 17,400 shares traded, bringing a market capitalisation of RM651.42 million.