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Fine Organic Industries acquires 80% stake in Oleofine Organics for RM 34.21 million
09-Sep-2026, 08:13

Fine Organic Industries Limited announced it has completed the acquisition of an 80% equity stake in Oleofine Organics SDN. BHD. (“OFM”) for RM 34,208,000 (equivalent to Rs 80.17 crore) with effect from September 9, 2026, making OFM a subsidiary of the company. Additionally, Fine Organic Industries stated that Fine Organic Industries (Thailand) Co., Ltd. (“FOIT”) has also become a subsidiary, as the company, together with OFM, now controls more than one-half of FOIT's voting power.