KUALA LUMPUR: CSH Alliance Bhd is seeking approval from its shareholders to vary the utilisation of the proceeds of its right issue, following a decision not to venture into the gloves manufacturing business.
KUALA LUMPUR (Dec 24): Based on corporate announcements and news flow today, companies that may be in focus next Monday (Dec 28) include Supermax Corp Bhd, Yinson Holdings Bhd, MTD ACPI Engineering Bhd, Telekom Malaysia Bhd, KTG Bhd, Komarkcorp Bhd, WCT Holdings Bhd, Johan Holdings Bhd, Wegmans Holdings Bhd, Lambo Group Bhd, and Cymao Holdings Bhd.
Supermax Corp Bhd has issued a scam alert, saying certain unauthorised parties are taking advantage of the global shortage of gloves and Supermax s prominence and good standing to attempt and commit fraud.
It said there are parties who claim to be involved in sales and marketing of nitrile and latex gloves as well as other personal protective equipment produced by Supermax and its subsidiaries Supermax Glove Manufacturing Sdn Bhd, Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd and SuperVision Optimax Sdn Bhd.
KTG to venture into glove manufacturing thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Dec 24): Ceramics and pottery products manufacturer KTG Bhd, formerly known as DWL Resources Bhd, is planning to venture into the glove manufacturing business.
“This new business segment will enhance KTG Group’s prospects and reduce its dependency on its existing businesses,” the group said in a filing with Bursa Malaysia.
KTG said its wholly-owned unit APPI Sdn Bhd today entered into a memorandum of understanding (MoU) with Howellcare Industries Sdn Bhd, a company which is involved in latex and nitrile examination gloves manufacturing.
Under the deal, Howellcare will serve as a turnkey contractor to install four units of nitrile butadiene rubber (NBR) double former glove dipping production line with four lines utilities support system for a new glove factory.