PETALING JAYA: CWG Holdings Bhd
plans to acquire the entire stake in label maker Unigenius Holding Sdn Bhd for RM33mil, which will be partially funded through a proposed cash call exercise.
The current owners of Unigenius are Boo Yin Kwan (38%), Chan Lai Yee (19.4%), Lam Chun Wai (16.3%), Low Yaw Shim(16.3%) and Loo Zi Kai (10%).
CWG, which manufactures the Campap brand stationery and printed materials, said it will get immediate access to a new range of paper-based printed materials by acquiring Unigenius.
The proposed acquisition comes with a minimum profit guarantee of RM15mil in total for a three-year period from Jan 1, 2024 to Dec 31, 2026, CWG said in a filing with Bursa Malaysia.
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