PETALING JAYA: Glove maker Kossan Rubber Industries Bhd has proposed to acquire a piece of property in Klang, Selangor, for a cash consideration of RM40mil from palm oil machinery group CB Industrial Product Holding Bhd (CBIP).
Both companies announced to Bursa Malaysia yesterday that their wholly owned subsidiaries – Ideal Quality Sdn Bhd (IQ) and Advance Boilers Sdn Bhd (ABSB) – had entered into a sale and purchase agreement.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!