KUALA LUMPUR: Trading in the securities of LATEXX PARTNERS BHD [] has been suspended on Friday, Jan 28 and Monday Jan 31.
A Bursa Malaysia circular said the two-day supsension was pending an announcement of a material transaction on Monday.
The Edge FinancialDaily reported on Thursday, Jan 28 that there was talk of privatisation of Latexx amid the continuous rise in latex price and the weakening US dollar which have hit the once-favoured rubber gloves industry.
According to Bloomberg data, BT Capital Sdn Bhd is the major shareholder of Latexx with 49.57 million shares or a 22.55% stake, followed by Latexx's executive chairman and CEO Low Bok Tek 15.47 million shares (7.04%) and Lembaga Tabung Haji with 11.68 million shares (5.32%).
A Bursa Malaysia circular said the two-day supsension was pending an announcement of a material transaction on Monday.
The Edge FinancialDaily reported on Thursday, Jan 28 that there was talk of privatisation of Latexx amid the continuous rise in latex price and the weakening US dollar which have hit the once-favoured rubber gloves industry.
According to Bloomberg data, BT Capital Sdn Bhd is the major shareholder of Latexx with 49.57 million shares or a 22.55% stake, followed by Latexx's executive chairman and CEO Low Bok Tek 15.47 million shares (7.04%) and Lembaga Tabung Haji with 11.68 million shares (5.32%).
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