ORG Technology to Dispose of Majority Stake in Hungarian Can Packaging Producer

MT Newswires Live

01/15

ORG Technology (SHE:002701), through unit BlossomSail, plans to dispose of 80% of Benepack Hungary Korlátolt Felelősségű Társaság, according to a Shenzhen bourse filing on Thursday.

Rexam will buy the stake of the Hungarian two-piece metal can packaging container producer.

The Chinese metal can manufacturer's stake in Benepack will drop to 20% from 100% after the transaction.

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