Midas buys printers

PUBLISHED : Friday, 11 October, 1996, 12:00am
UPDATED : Friday, 11 October, 1996, 12:00am
 

Midas Printing is to buy the entire issued capital of Dah Hua Printing Press, which is 80 per cent owned by YGM Trading, for $55 million.


A total of $33 million will be satisfied in cash and the remaining $22 million by issuing 18.64 million new shares, representing 8.53 per cent of Midas' enlarged issue capital, to locally listed YGM Trading at $1.18 each.


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