Kasai Kogyo Co., Ltd. (TSE:7256) agreed to acquire 10% stake in Lipro Mold Engineering Sdn. Bhd. from Teck See Plastic Sdn Bhd and Ikegami Mold Engineering Co.,Ltd. for MYR 1.1 million on January 25, 2013. Teck See Plastic Sdn Bhd will sell 5% stake and reduce its holding to 80% in Lipro Mold Engineering. Ikegami Mold Engineering will sell 5% stake and reduce its holding to 10% in Lipro Mold Engineering. Kasai Kogyo Co., Ltd will acquire 1 million shares. For the year ended 2011, Lipro Mold Engineering had sales of MYR 300 million. As of April 18, 2013, the agreement for the transaction was signed.

Kasai Kogyo Co., Ltd. (TSE:7256) completed the acquisition of 10% stake in Lipro Mold Engineering Sdn. Bhd. from Teck See Plastic Sdn Bhd and Ikegami Mold Engineering Co.,Ltd. on May 21, 2013.