The Board of Directors of Scientex Berhad ("Scientex") wishes to announce that on 23 February 2018, Scientex Packaging Film Sdn Bhd (Company No. 255035-P), a wholly-owned subsidiary of Scientex, has entered into a Sale and Purchase Agreement ("SPA") with Law Wan Hong @ Lew Wan Hong (NRIC No. 421014-10-5563), Ng Boon Eu (NRIC No. 751116-14-5795), Lew Pei See @ Law Pei See (NRIC No. 760116-10-5042) and Lew Pei Lin @ Law Pei Lin (NRIC No. 740125-10-5636) to acquire a total of 20,000,000 ordinary shares in the share capital of Klang Hock Plastic Industries Sdn Bhd (Company No. 28053-D) ("KHPI"), representing the entire issued share capital of KHPI for a total purchase consideration of Ringgit Malaysia One Hundred and Ninety Million (RM190,000,000.00) only to be satified entirely via cash, subject to the terms and conditions contained in the SPA ("Proposed Acquisition").

For further details of the Proposed Acquisition, please refer to the attachment.

This announcement is dated 23 February 2018.

up > 3% today, what is the good news ?

HONG KONG, Dec 29 (Reuters) - German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this year.

The German company, which has Malaysia Airlines as a client, was the main reinsurer to flight MH370 that disappeared over the Indian Ocean in March, as well as to flight MH17 which was shot down in July while flying over Ukraine.

"We can confirm that Allianz Global Corporate & Specialty UK (AGCS) is the lead reinsurer for AirAsia, for aviation hull and liability insurance," an Allianz spokeswoman said in a statement emailed to Reuters.

Allianz declined to comment on the extent of its exposure or to identify other insurers with exposure to the missing Indonesia AirAsia plane, an Airbus A320-200.

But Reuters calculations show the minimum payout to cover for this accident could be around $100 million.

Wsj : German insurer Allianz is the major reinsurer for the missing air Asia plane

Cheap sale, managed to pick some below 1.9

Correction : 2015 budget

2005 budget, 1000 comm towers to be constructed in coming 3 years, see how OCK is going to fly from here ...