Oji Holdings Corporation, a leader in the pulp and paper industry of Japan, executed a share sale and purchase agreement (SPA) for the acquisition of a total of 76% of the issued shares of Tele-Paper (M) Sdn. Bhd. (TP). Earlier, in May 2016 the company was supposed to acquire 40% of the issued shares, the share increased due to revaluation of the deal.
Tele-Paper (M) Sdn. Bhd is located in Shah Alam (37km from Kuala Lumpur) in Malaysia. The company manufactures (convert and print) and sells thermal paper, carbonless paper etc used for recording in a variety of office equipment, such as thermal paper register roll, ATM, baggage tag, boarding pass, lottery tickets and medical recording papers. In 2016 the company’s sales revenues accounted for around USD 48.5 million.
About Oji Group:
The group is a leader in the pulp and paper industry of Japan.