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Karex buying into ‘The Safer Sex Company’ for RM21mil
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).
ONE-way to break the taboo
IN many parts of Asia, there is still the underlying taboo on the topic of sex. Nevertheless, it is an important and necessary one as many are still oblivious to the dangers of unprotected sex.
Karex and Global Protection together as ONE for the long haul
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.
Karex expects GP to accelerate growth
KUALA LUMPUR: Condom manufacturer Karex Bhd expects its newly-acquired Global Protection Corp (GP) to accelerate its annual sales growth to between 20% and 30% from the current 4%.
Karex buys remaining 30% US condom firm GP Corp
KUALA LUMPUR: Karex Bhd is buying the remaining 30% stake in US-based Global Protection Corp (GP Corp) in a deal worth RM42.26mil that will give its American partner a 7.86% stake in the enlarged group.
