KUALA LUMPUR (Nov 3): D'Nonce Technology Bhd said today that one of its major shareholders is in talks with Lay Hong Bhd in relation to the latter subscribing to an equity stake in the company. "The major shareholder confirmed that there is a preliminary discussion with Lay Hong on the equity but nothing has been finalised," the advanced packaging materials distributor said in a bourse filing today. D’Nonce also said it is exploring the possibility of a synergistic alliance for packaging supplies to Lay Hong. It was reported that Lay Hong may subscribe for the shares via a private placement exercise. Its stock closed one sen or 3.39% higher at 30.5 sen today, for a market value of RM55.02 million.

Source: The Edge Markets November 03, 2016 13:26 UTC