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.
For those not in the know, the 41-year businessman is currently the executive director at Hextar Global Bhd – a Main Main-listed company involved in the manufacturing and distribution of agrochemicals.
The company also manufactures and distributes healthcare disposable products such as wet wipes, cotton-based items, sanitary towels and tissue products.
This follows the exit of Med-Bumikar Mara Sdn Bhd (MBM) as Rubberex’s major shareholder, a development that piqued curiosity because it comes at a time the Covid-19 outbreak is driving up demand of glove products.
...