KUALA LUMPUR: HLT GLobal Bhd, a fabricator of factory equipment, is planning to acquire a majority stake in a rubber glove maker to diversify its income stream.
The company told Bursa Malaysia on Thursday that it had entered into a head of agreement (HOA) with Suntel International Co Ltd and two other individuals to purchase a 55% stake in HL Rubber Industries Sdn Bhd for RM33mil.
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