HLT proposes private placement to boost rubber glove production capacity

KUALA LUMPUR: HLT GLobal Bhd has proposed a private placement of 20 per cent of its issued shares to partly finance a new glove-dipping plant and installation of new lines.

It is estimating a proceed of up to RM76.84 million from the exercise, of which RM15 million will be set aside for the construction of a RM50 million plant in Semenyih, Selangor and about RM42.5 million for installation of four to five double-former lines.