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PETALING JAYA: Hextar Rubber Sdn Bhd and Datuk Ong Choo Meng, who offered RM1.80 per share in their takeover of Rubberex Corp (M) Bhd, have explained that there was concern about the rapid increase in the shares of the glove maker among them and also the vendors
PETALING JAYA: Rubberex Corp (M) Bhd, a small-cap glove maker, attracted interest following a change in shareholding, which saw the entry of Datuk Ong Choo Meng as the single largest shareholder with a 31.33% stake.
PETALING JAYA: Glove maker Rubberex Corp Bhd is expected to experience supernormal earnings growth for the next three years, given its aggressive, but timely expansion of its nitrile disposable glove segment.
KUALA LUMPUR: Rubberex Corporation (M) Bhd joined glove makers to post supernormal profits in the third quarter as demand surged due to the Covid-19 pandemic and its orders have filled up to the second half of 2021.
KUALA LUMPUR: Glove manufacturer Rubberex Corp (M) Bhd, whose share price had run up in line with the other glove makers due to the Covid-19 pandemic, saw minority shareholders being told to reject the takeover offer of RM1.80 per share.
Of all the listed rubber glove makers that have enjoyed renewed investor interest in recent weeks, Rubberex Corp (M) Bhd sticks out for a few reasons.Of all the listed rubber glove makers that have enjoyed renewed investor interest in recent weeks, Rubberex Corp (M) Bhd sticks out for a few reasons.
PETALING JAYA: Glove maker Rubberex Corp Bhd is confident of registering significantly stronger results ahead, on the back of capacity expansion plans and margin expansion from higher sales of nitrile gloves.
KUALA LUMPUR: Datuk Ong Choo Meng, who first emerged as a substantial shareholder in Rubberex Corp (M) Bhd in late February, is making a mandatory offer to take over the glovemaker at RM1.80 a share.
KUALA LUMPUR: Rubberex Corp Bhd is seeking to raise RM31mil for the expansion of its nitrile disposable glove production line by placing out new shares in the company.