Resintech Bhd Acquires 30% stake in Bionutricia for RM8.7 Million – QNT Press Release

Company sees growth from use of plant and fruit extracts for food supplement and healthcare products

KUALA LUMPUR, Mar 10, 2022 – (ACN Newswire) – Resintech Berhad (Bursa: RESINTC, 7232), a fully integrated provider of polyethylene products and unplasticized polyvinyl chloride (uPVC), is pleased to announce the signing of a Memorandum of Understanding ( MoU) for the acquisition of a 30% stake in Bionutricia Holding Sdn. Bhd. from the controlling shareholders for the sum of RM8.7 million.

Mr. Ng Kuak Ping, CEO of Bionutricia; Mr. Teh Leng Kang, ED of Resintech Bhd; Ms. Kong Siew Mee, GM of Bionutricia [L-R]

Bionutricia is a biotechnology firm established in 2006 specialising in the production and commercialisation of plant- and fruit-based extracts and active fractions from local herbs through advanced nano-biotechnology processes. Bionutricia’s products include proprietary standardised …