Old glove names are coming out of the woodwork for a possible listing through reverse takeovers.
However, the possibility of its happening seems remote based on the choice of companies that is being touted as the reverse takeover target.
A few weeks ago ACOUSTECH BHD
, a company that is in the business of manufacturing multimedia speakers systems, speaker units and specialised chemical paints, was speculated to be the backdoor vehicle of unlisted glove manufacturer WRP Asia Sdn Bhd.
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