Pacewell Sdn Bhd of Malaysia has sold all of its shares, or a 42.2% stake, in rubber glove maker Seal Polymer Industries Bhd for RM 71.4 million.
Pacewell Sdn Bhd SDN BHD Sendirian Berhad (Malay equivalent to incorporated) of Malaysia has sold all of its shares, or a 42.2%
stake, in rubber glove A rubber glove is a glove made out of rubber. Its primary use is in works related with chemicals where you want to protect the hands. Rubber gloves are worn during dishwashing to protect the hands from detergent and allow the use of hotter water. maker Seal Polymer Industries Bhd for RM 71.4
million. The sale was completed two days before rival glove glove, hand covering with a separate sheath for each finger. The earliest gloves, relics of the cave dwellers, closely resembled bags. Reaching to the elbow, they were most probably worn solely for protection and warmth. manufacturer
Supermax Bhd announced that it bought a 17% stake in Seal Polymer for RM
33.6 million from Pacewell. Pacewell's disposal of its entire
shareholding was done off-market.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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