Karex to buy Medical-Latex for RM13mil


Condom maker: File picture showing workers at Karex Bhd’s factory in Port Klang packaging the company’s condoms, which are then distributed to countries worldwide. Karex is proposing to buy Medical-Latex for RM13mil.

PETALING JAYA: Karex Bhd is proposing to buy the entire equity interest in Medical-Latex (Dua) Sdn Bhd (MLD) from Beiersdorf Aktiengesellschaft for RM13mil.

Karex said the acquisition would allow it to build on MLD’s reputation as one of the leading premium quality condom manufacturers. It would allow Karex to acquire MLD’s own brand manufacturing product, under the Enjoyable Safe Pleasure (ESP) brand.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bursa Malaysia reverses early losses to end higher ahead of MPC outcome
Proton October sales up 13.6%, YTD hits 125,557 units
TCS secures RM86.38mil construction contract from Sime Darby Property
Oil trades in tight range ahead of US election
China shares jump, dollar skittish with all eyes on US Election Day
Bank Negara unveils key principles to harness Islamic finance for economic growth
Aneka Jaringan unit secures RM39mil contract for KL project
Xin Hwa says transport unit's vehicle operator licence suspended
T7 Global unit bags ExxonMobil contract
FBM KLCI lifts as investors shop for oversold blue chips

Others Also Read