JOE Holding enters SPA with Fintec

In a filing with Bursa Malaysia yesterday, JHB stated the it could benefit from the acquisition through cost savings by sharing resources with Fintec Glove.

PETALING JAYA: Joe Holding Bhd’s (JHB) wholly-owned subsidiary, JOE Glove Sdn Bhd, has entered into a sale and purchase agreement (SPA) with Fintec Glove Sdn Bhd for the proposed purchase of two nitrile rubber/natural rubber powder free double former dipping lines (machineries) from Fintec for RM14.5mil.

In a filing with Bursa Malaysia yesterday, JHB stated the it could benefit from the acquisition through cost savings by sharing resources with Fintec Glove.