Corporate News

Salcon buys 51% stake in glove maker for RM29mil

PETALING JAYA: Salcon Bhd is acquiring 51% equity in glove manufacturing company JR Engineering and Medical Technologies (M) Sdn Bhd for RM28.56mil.

The proposed acquisition comes with a profit guarantee of RM10mil per annum for the financial years 2021,2022 and 2023, ending Dec 31.

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Monthly Plan

RM 13.90/month

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Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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