George Kent approved to enter the glove industry
KUALA LUMPUR, 8th) George Kent (GKENT, 3204, main board construction stock) has passed a proposal to enter the glove manufacturing business with a large shareholder.Read More
At George Kent’s shareholder meeting held today, a total of 35 shareholders voted in favor of entering the new business, accounting for 99.923% of the total voting shares.
Judashang also approved the acquisition of a 40% stake in Dynacare Sdn Bhd, a wholly-owned subsidiary of Johan (JOHAN, 3441, main board financial stock).
George Kent entered the glove and other medical product manufacturing business through the acquisition of Dynacare.
Extra large also allowed George Kent to participate in the construction of the glove factory, with a total value of about 624.1 million ringgits.
When the market closed on Tuesday, George Kent reported 75 sen, up 1 sen or 1.35%, with a trading volume of 435,800 shares.