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ios developer account:Inix buys 51% stake in L&S Gloves


KUALA LUMPUR: ACE market-listed INIX Technologies Holdings Bhd (Inix) has acquired a 51% stake in L&S Gloves Sdn Bhd (L&S Gloves) with an investment of RM50mil. Inix has inked a memorandum of agreement with L&S Gloves Sdn Bhd, which has two operational production lines in Beranang, Selangor. Inix executive director Siva Kumar Kalugasalam said its foray into gloves will contribute between 40% and 50% of total group revenue.,

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