TAEL Partners to inject RM22m into glove maker WRP Asia Pac

“The two rounds of funding clearly debunk the inaccurate representation that WRP is in liquidation, as no investor would have injected more funds into a company that is in liquidation, ” it said.

KUALA LUMPUR: TAEL Partners, a private equity fund, has agreed to a second round of emergency shareholders' injection of RM22mil into WRP Asia Pacific Sdn Bhd.

The lawyers acting on behalf of the current board of directors (BoD) of WRP, Thomas Philip Advocates and Solicitors, said the funds are intended to be channelled to the interim liquidator.