Author: admin

Sibur and TAIF to merge petchem businesses

Russian petchem firm Sibur and TAIF have initiated a number of steps to combine their petrochemical businesses. Existing TAIF shareholders will receive a 15% stake in PJSC Sibur Holding in exchange for the transfer of a controlling interest in TAIF’s group…

Sanichi to venture into rubber gloves

Malaysian precision plastic injection mould manufacturer Sanichi Technology Bhd is diversifying into the rubber glove industry. To enable this, it has issued up to 1.42 billion renounceable rights issue, at an issue price of RM0.08 with up to 712.21 million free warrants…