HLT buys land to expand glove output


The proposed acquisition through its wholly-owned subsidiary HL Advance Technologies (M) Sdn Bhd would expand the group’s production capacity of glove-dipping lines, as it capitalised on the increasing application of rubber gloves driven by the growing demand in the global and domestic healthcare industry and other end-user markets.

PETALING JAYA: HLT GLobal Bhd has proposed to acquire a piece of 2.55-acre leasehold industrial land, together with an office-cum-factory in Kuala Langat, Selangor, for a total cash consideration of RM16.25mil.

The proposed acquisition through its wholly-owned subsidiary HL Advance Technologies (M) Sdn Bhd would expand the group’s production capacity of glove-dipping lines, as it capitalised on the increasing application of rubber gloves driven by the growing demand in the global and domestic healthcare industry and other end-user markets.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!

HLT Global Bhd , buys , land , expand , glove , output ,

   

Next In Business News

Malaysia-Japan trade set to rise this year - Tengku Zafrul
Global trading platform Webull expands to Malaysia
Maybank 1Q earnings up 9.8% on higher core fees
MPI set for strong show
Investors rush to grab piece of US$1.8 trillion UK pensions pie
Starwood’s US$10bil REIT turns to survival mode as pain lingers
Damned if you do, damned if you don’t
US stock changes affect Asia forex trades
Consistency in a sea of change
Impact of AI on jobs

Others Also Read