Malaysia: Tycoon Surin Upatkoon to take over garments maker MWE for $92.6m


Garments manufacturer MWE Holdings Bhd has received a takeover offer from tycoon Surin Upatkoon to acquire its entire business and undertaking including all assets and liabilities, for MYR391.4 million ($92.65 million) or MYR1.70 per share. The takeover was offered via Upatkoon’s private vehicle Pinjaya Sdn Bhd on Monday. Upatkoon is… Read more »

Garments maker MWE Holdings' website.
Grofers has launched a banner advertisement for Hindustan Unilever’s ice cream brand Magnum and is in talks with other packaged consumer goods companies to display their ads. Photo: Ramesh Pathania/Mint
S. K. Poddar, Group Chairman, Texmaco Rail