Corporate digest

Neo Group

NEO Group has entered into a subscription agreement with Hi-Q Plastic Industries Sdn Bhd to subscribe for new shares in Hi-Q for some RM1.6 million (S$505,000). It is subscribing for 416,327 shares at RM3.855 for each share, representing 51 per cent of the enlarged issued and paid-up capital of Hi-Q. The purchase will be funded by internal sources, Neo Group said.

Malaysia-incorporated Hi-Q is a manufacturer and supplier of plastics, resins, moulds and plastic packaging products used by businesses operating in the food industr…