Lienteh Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The normalisation of glove stocks’ valuations does not appear to be hindering ventures into the industry. Local players are continuing to pursue their interest in glove manufacturing. Steel products manufacturer Eonmetall Group Bhd is the new kid on the block. It has proposed to acquire a controlling 51% stake in Lienteh Technology Sdn Bhd and the business diversification plan is expected to contribute at least 25% to the company’s profits in the future. Although the deal comes with a profit guarantee — a collective net profit of no less than RM100 million for the financial years ending...

KUALA LUMPUR (Feb 9): Lienteh Technology Sdn Bhd, which is expected to obtain necessary approvals to commence production of nitrile gloves, is seeking a back-door listing via Eonmetall Group Bhd. In a filing with the bourse, Eonmetall said it had entered into a share sale agreement with Envy Venture, E Metall Systems Sdn Bhd, Medical Spring International Health Management (Hong Kong) Co Ltd and Elogistic and Industrial Estate Development Sdn Bhd to acquire a 51% stake in Lienteh Technology for RM51 million. Lienteh is involved in manufacturing, sales and marketing of medical grade nitrile glo...

KUALA LUMPUR (Feb 9): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Feb 10) include: Sarawak Consolidated Industries Bhd, Mitrajaya Holdings Bhd, Top Glove Corp Bhd, Supermax Corp Bhd, Eonmetall Group Bhd, LKL International Bhd, Gets Global Bhd, Dialog Group Bhd, Berjaya Food Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Teo Seng Capital Bhd, Oriental Interest Bhd, Genting Malaysia Bhd, AirAsia Group Bhd, Sapura Energy Bhd and Scomi Energy Services Bhd. Sarawak Consolidated Industries Bhd’s units have bagged contracts worth RM821.3...