Rubberex 3Q net profit surges 13 times amid strong nitrile glove demand

Rubberex Corp (M) Bhd's net profit for the third quarter ended Sept 30, 2020 surged 13 times to RM39.52 million from RM3.11 million in the previous year's corresponding quarter, as demand for nitrile gloves spiked amid the pandemic. Revenue for the quarter jumped 75% to RM109.03 million from RM62.23 million a year earlier. "The improved [...]

By |2020-12-23T10:45:39+07:00December 23rd, 2020|Asia, Malaysia, Nitrile Latex Gloves|0 Comments

Nitrile latex could hit all-time high this month, raising glove production costs by 70% q-o-q — KAF Research

KUALA LUMPUR (Dec 2): KAF Research said nitrile latex price could well breach US$3,000 per metric ton (pmt) in December, compressing the margins of some glove makers. The research house’s analyst Nabil Zainoodin said in a note that nitrile latex price, which has more than doubled to US$2,810 pmt from its lowest this year at [...]

By |2020-12-23T10:34:03+07:00December 23rd, 2020|Asia, Malaysia, Nitrile Latex Gloves|0 Comments

China: HNA Group plans $7.6b investment in tourism, digital transformation

Matthew Miller October 17, 2017 China’s HNA Group Co Ltd plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. Eric Tong, an HNA Group board member and Chairman of HNA Technology Group, told Reuters on the sidelines of a media event the firm will primarily [...]

By |2017-10-30T17:27:24+07:00October 29th, 2017|Asia, China, Technology|0 Comments

China’s Meituan-Dianping raises $4b, valuing the firm at a lofty $30b

Cate Cadell October 19, 2017 Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China’s largest on-demand services provider at $30 billion, as part of a strategy to compete with the country’s leading e-commerce firms in offline retail. Meituan-Dianping in a statement said the round was led by existing [...]

By |2017-10-30T17:28:51+07:00October 29th, 2017|Asia, Business, China, Technology|0 Comments

Exclusive: Sea Ltd is said to acquire 82% of Vietnam’s Foody for $64m

Nguyen Thi Bich Ngoc September 28, 2017 Singapore-based consumer Internet group Sea Limited has acquired 82 per cent of Vietnamese gourmet media platform Foody Corporation for around $64 million, a source familiar with the matter told DEALSTREETASIA. On September 26, this portal had reported that Sea had bought a controlling interest in an unnamed Vietnamese [...]

By |2017-10-30T17:29:45+07:00October 29th, 2017|Asia, Business, Vietnam|0 Comments

Navis-backed Celebrity Fitness, Oaktree’s Fitness First Asia to merge

Shiwen Yap February 24, 2017 Celebrity Fitness and Kuala Lumpur-headquartered Fitness First Asia have merged in a move that will create one of the largest fitness club networks in Asia. Financial terms of this merger were undisclosed, according to their announcement on Thursday. The merger will see Oaktree Capital Management and Navis Capital owning an [...]

By |2017-10-30T17:30:48+07:00October 29th, 2017|Asia, Business, Uncategorized|0 Comments
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