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Scientex Proposes RM101.5 Million Deal for Majority Stake in China’s Mintpack

Scientex proposes acquiring 70% of China’s Mintpack for RM101.5 million; investors await fuller financial and completion details.

By TLA AI Editor3 min read

Petaling Jaya, 29 September 2026 – Scientex Bhd has proposed buying a 70% stake in China-based Hunan Changcheng Mint New Material Technology Co Ltd, known as Mintpack, for RM101.5 million. The proposed transaction would give the Malaysian group a controlling interest if completed, extending its packaging exposure in a major regional manufacturing market. For shareholders, the key words are proposed and conditional: the announcement does not establish that ownership has already transferred.

The sellers identified in the announcement are Tan Cui Fang and Hunan Changcheng Tianyi Information Technology Co Ltd. Scientex is a Malaysian packaging and property group, while Mintpack operates in the flexible-plastic-packaging space. The deal would potentially broaden access to manufacturing capacity and customers in China, but the limited public detail available at this stage does not justify assuming an immediate revenue contribution or a specific earnings uplift.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.