Business News

Amcor increases holding in AMVIG by 1.9%

Friday 08. February 2008 - Amcor Limited (AMC) today announced that it has increased its shareholding in the Hong Kong listed company AMVIG Holdings Limited from 33.5 % to 35.4%.

Amcor Limited (AMC) today announced that it has increased its shareholding in the Hong Kong listed company AMVIG Holdings Limited from 33.5 % to 35.4%.

Amcor acquired 18.756 million shares at HKD 9.50 each for a total payment of HKD 178.2 million (approximately AUD 25 million).

AMVIG is the largest cigarette packaging printer in China with an estimated 17% market share. AMVIG is the leading cigarette packaging printer, supplying seven of the top ten tobacco groups and six of the top ten cigarette brands in China.