Inix Technologies to acquire 51% stake in L&S Gloves for RM50 million

Inix Technologies Holdings Bhd entered into a memorandum of agreement on 7 December 2020 to acquire a 51% equity interest in L&S Gloves Sdn Bhd for an investment of RM50 million. The definitive agreement is at an advanced stage.

“Inix inked an MoA with L&S Gloves on Dec 7 last year to acquire 51% equity interest of the latter, with an investment of RM50 million.”thevibes.com

• 2 sources
• thevibes.comInix Technologies and L&S Gloves to double production capacity by Feb | Business | The VibesAlfian Z.M. TahirJan 10, 2021
• nst.com.myInix completes 50pc stake acquisition of L&S Gloves | New Straits TimesNST BusinessJan 21, 2021

Summarized from public sources; check the original articles before acting on it.