HLT Global buys HL Rubber for RM33mil

In a statement, Margma expressed its dissatisfaction over the latest measure to reverse the ringgit

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.