KUALA LUMPUR: Topvision Eye Specialist Bhd
is buying a majority stake in a small exporter and distributor of rubber gloves for RM450,000.
TESB on Friday said it has entered into a deal with Tan Zhe Wei and Tan Seng Kooi to acquire a 50.1% stake in Novel Glove International Sdn Bhd.
The sellers would remained as partners in the glove company, each with a 25.05% stake.
"The proposed Acquisition allows the Group to venture into the export and distribution of rubber gloves, which is a growing industry with foreseeable sustainable demand given current healthcare and environmental condition that encourage the usage of rubber gloves in a global context," TESB said in a filing today.
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