Takaso Resources Bhd has been renamed to O&C Resources Bhd. In a filing to the exchange yesterday, it said the decision as part of the company’s strategy to re-position itself with a new corporate identity for its existing and future undertakings. The rubber and baby products manufacturer previously diversified its business into the construction industry as they acquired construction company Dynavance Construction Sdn Bhd in October last year. Prior to that, Takaso had acquired a piece of leasehold land in Malacca from Mega Irama Enigma Sdn Bhd for over RM9 million which the company plans to develop it into a seven- storey budget hotel with an estimated gross development value of RM134.15 million.
Takaso Plans RM45.5m Property Venture Via RM6m Stake Buy
29 Sep, 2015
Takaso Plans RM45 Million Property Venture Via RM6 Million Stake Buy
In a statement today, Takaso said it inked a conditional share sale agreement with A.W. Impian Land Sdn Bhd today for the deal with the vendors, Tan Teck Ang and Chen Ling Wah. Takaso, a manufacturer of baby products, condoms and toys, said the acquisition is part of...