The merger may come as soon as July. Japan Pulp and Paper is set to acquire Oceanian peers for an estimated JPY7bn ($63.9m), in a deal which could close in July. The Japanese company said it would pay HK$16.5m (USD$1.3m) per share for the company, with its shares trading at around HK$32.50 on Friday. The company is also set to acquire the remaining 49% in the coming years.
Japan Pulp and Paper is set to acquire Oceanian peers for an estimated JPY7bn ($63.9m), in a deal which could close in July. The Japanese company said it would pay HK$16.5m (USD$1.3m) per share for the company, with its shares trading at around HK$32.50 on Friday. The company is also set to acquire the remaining 49% in the coming years.