Careplus sells half of its stake in glove making unit to Ansell in JV deal


KUALA LUMPUR: Careplus Group Bhd is selling half of its stake in a wholly owned rubber glove manufacturing unit to Australian-listed Ansell Ltd for RM26.8mil under a joint venture deal.

The agreement also comes with an option for Ansell to acquire Careplus's remaining 50% stake in the joint venture company.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

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!

rubber gloves , glove maker , Careplus , Ansell

   

Next In Business News

Seal's unit secures RM645mil contract from Sabah Electricity
Hong Leong Asset Management appoints Chue Kwok Yan as CEO
FBM KLCI climbs 8 points as momentum builds
Chinese EV companies in negotiations to invest in Perlis
Alliance Islamic Bank teams up with Asia Carbonx to launch new green financing for SMEs
MIDF: Malaysia's passenger traffic full recovery may be delayed
HLIB Research positive on ITMAX's new contract win
Quick take: IQ Group jumps 20% in early trade
Ringgit opens higher against weakening US dollar
Bursa Malaysia opens higher on Wall Street gains; Market awaits U.S. Fed rate decision

Others Also Read