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Analysts say M&A activity can be a catalyst for the condom maker
JUST about a month shy of its first listing anniversary, Karex Bhd is locking in higher future gross profit margins with its 55% acquisition of US-based Global Protection Corp (GP), the company that consummated the ONE brand condoms.
PETALING JAYA: Karex Bhd has signed a memorandum of understanding (MoU) to buy a 55% equity interest in Global Protection Corp from founder and shareholder Davin Wedel for US$6.6mil (RM21.2mil).
KUALA LUMPUR: Homegrown condom manufacturer Karex Bhd is spending about RM80mil to build a new factory in Pontian as part of its expansion plan.