Malaysia's Scientex has agreed to acquire a 70% stake in Hunan-based flexible plastic packaging producer Mintpack (Hunan Changcheng Mint New Material Technology) for RMB 167.3m (MYR 101.5m, approximately USD 25.0m). The deal is being done through wholly owned unit Scientex Packaging (Ayer Keroh) and is expected to complete by the end of 2026, funded from internal resources and bank borrowing. Mintpack founder Tan Cui Fang retains the remaining 30% through Hunan Changcheng Tianyi Information Technology.
Why this mattersGives Scientex a Chinese manufacturing base and customer list for its consumer packaging arm, and a platform from which to bid for multinational accounts.
- Deal value RMB 167.3m (MYR 101.5m, approximately USD 25.0m)
- Buyer is Scientex Packaging (Ayer Keroh), a wholly owned Scientex subsidiary
- Target is Mintpack, a Hunan province maker of flexible plastic bags and rolled film
- Scientex acquires 70%; founder Tan Cui Fang keeps 30% via Hunan Changcheng Tianyi Information Technology
- Completion expected by end of 2026, funded by internal funds and bank loans
- Scientex's packaging division generated MYR 725.3m, about 15% of MYR 4.81bn group revenue in FY2026
Malaysian packaging and property group Scientex reported fourth-quarter net profit up 29.54% year-on-year to RM199.92m for the quarter ended 31 July 2026, with packaging division operating profit more than doubling to RM87.50m on higher volumes and selling prices. The board recommended a final dividend of six sen per share for FY2026, payable 21 January 2027, subject to AGM approval; the company flagged continued volatility in energy and raw material costs for the packaging division.
Why this mattersImproved packaging margins despite cited raw-material and energy volatility signal resilient pricing power at Southeast Asian flexible packaging converters.
- Fourth-quarter net profit rose 29.54% year-on-year to RM199.92m for the period ended 31 July 2026, from RM154.33m
- Quarterly revenue rose 17.75% to RM1.4bn, operating profit up 32.7% to RM281.78m
- Packaging segment revenue rose 18.4% to RM725.3m, operating profit more than doubled to RM87.50m from RM42.20m
- Property division revenue rose 17% to RM678.9m, operating profit up to RM194.3m from RM170.2m
- Full-year FY2026 net profit rose 16.85% to RM620.17m on revenue of RM4.81bn
- Board recommended a final dividend of six sen per share for FY2026, payable 21 January 2027
Scientex Bhd has established a multi-currency Islamic medium-term notes programme worth RM1.5 billion in nominal value, lodged with the Securities Commission Malaysia on 23 September 2026. Proceeds are earmarked for capital expenditure financing and reimbursement, and for refinancing existing and future financing, investment and working capital needs. RHB Investment Bank is principal adviser and lead arranger, with RHB Islamic Bank as shariah adviser.
Why this mattersA perpetual RM1.5bn programme lets Scientex draw funding for packaging capacity in tranches and refinance existing debt without a single upfront issue.
- Programme size is RM1.5 billion in nominal value
- Structure is a Sukuk Wakalah Programme lodged with the Securities Commission Malaysia on 23 September 2026
- Programme has perpetual tenure, with individual sukuk tenures of more than one year
- Proceeds earmarked for capital expenditure financing and reimbursement, and refinancing
- RHB Investment Bank Bhd is principal adviser, lead arranger, lead manager and facility agent
- RHB Islamic Bank Bhd is shariah adviser
Malaysian packaging group Scientex is acquiring Mondi Ipoh Sdn Bhd, a consumer packaging films maker, from Germany's Mondi Consumer Packaging International for RM58 million cash. The deal, signed via Scientex's wholly-owned unit Scientex Packaging Film, will lift Scientex's consumer packaging capacity by 30% to 76,800 tonnes a year and is estimated to complete by 11 August.
Why this mattersThe purchase lifts Scientex's consumer packaging capacity 30% to 76,800 tonnes a year and removes Mondi from film converting in Malaysia.
- Scientex Packaging Film Sdn Bhd signed a share purchase agreement to acquire 100% of Mondi Ipoh Sdn Bhd (MISB) for RM58 million cash
- MISB is owned by Mondi Consumer Packaging International GmbH of Germany
- MISB operates two manufacturing plants in Perak, Malaysia with capacity of 16,800 tonnes per year
- The acquisition raises Scientex's consumer packaging capacity by 30%, from 60,000 to 76,800 tonnes per year
- Approximately 70% of MISB's revenue comes from exports to Asia-Pacific
- The deal is funded from internal funds and is estimated to complete by 11 August
