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PETALING JAYA: Rubberex Corp (M) Bhd has announced that its proposed acquisition of Alliance Rubber Products Sdn Bhd’s glove business and entire production facilities, including plant, machinery, equipment, land and buildings, for RM113mil has been aborted by mutual consent.
KUALA LUMPUR: Rubberex Corporation (M) Bhd’s net profit for its first quarter ended Mar 31, 2014 rose to RM2.89mil from RM172,000 a year ago due to better product mix and improved overall margins of its products.
RUBBEREX Corp (M) Bhd is embarking on an expansion plan in anticipation of growth in the rubber gloves market, said chairman Datuk Mohamed Hamzah.
PETALING JAYA: Small-cap glove maker Rubberex Corp (M) Bhd has received an unconditional mandatory takeover offer to acquire all the remaining ordinary shares from Hextar Rubber Sdn Bhd and Datuk Ong Choo Meng for a cash offer price of RM1.80 per share.
KUALA LUMPUR: Hextar Rubber Sdn Bhd and Datuk Ong Choo Meng, who offered RM1.80 per share in their takeover of Rubberex Corp (M) Bhd, explained that there was concern about the rapid increase in the shares of the glove maker.