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Corporate News
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.
Business
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%.
Business
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).
