Scientex buys 70% of Chinese flexible packaging maker Mintpack for USD 25m

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

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