PETALING JAYA: Karex Bhd
has proposed to make Global Protection Corp (GP) its wholly owned subsidiary by acquiring the remaining 30% stake in the US-based condom maker that it does not already own.
In a filing with Bursa Malaysia, the Malaysian condom manufacturer said it was looking to buy the additional 30% stake in GP for RM42.3mil to be satisfied entirely via the issuance of up to 82.93 million shares in Karex at an issue price to be determined later.
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