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PETALING JAYA: The recent surge in condom maker Karex Bhd’s share price has put the company under the spotlight.
AFTER a good run in the last three years, Karex Bhd seems to have now lost some favour of investors. Concerns are growing over the medium-term prospects of the condom and rubber product manufacturer that has posted five consecutive quarters of earnings decline.
KUALA LUMPUR: Karex Holdings Sdn Bhd, a wholly-owned subsidiary of Karex Bhd, has signed an asset purchase agreement to purchase certain assets from Georgia, US-based TheyFit LLC worth US$1.3mil (RM5.55mil).
Analysts say M&A activity can be a catalyst for the condom maker
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).