PETALING JAYA: Salcon Bhd
will be seeking its shareholders’ approval at an EGM to diversify its core business into the trading and manufacturing of rubber gloves in view of the segment’s significant and immediate contribution to the group’s revenue.
This follows Salcon’s 51% stake buy in JR Engineering and Medical Technologies (M) Sdn Bhd (JREMT) for RM28.56mil from the company’s founder and managing director Ganesan Subramaniam on March 12,2021.
JREMT is involved in the manufacturing and trading of latex, nitrile and medical gloves, and provision of turnkey advisory and consultancy services for rubber glove players.
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