HLT buys land to expand glove output


The proposed acquisition through its wholly-owned subsidiary HL Advance Technologies (M) Sdn Bhd would expand the group’s production capacity of glove-dipping lines, as it capitalised on the increasing application of rubber gloves driven by the growing demand in the global and domestic healthcare industry and other end-user markets.

PETALING JAYA: HLT Global Bhd has proposed to acquire a piece of 2.55-acre leasehold industrial land, together with an office-cum-factory in Kuala Langat, Selangor, for a total cash consideration of RM16.25mil.

The proposed acquisition through its wholly-owned subsidiary HL Advance Technologies (M) Sdn Bhd would expand the group’s production capacity of glove-dipping lines, as it capitalised on the increasing application of rubber gloves driven by the growing demand in the global and domestic healthcare industry and other end-user markets.

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HLT Global Bhd , buys , land , expand , glove , output ,

   

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