Photo: Pastel Gloves

Enviro-Hub Holdings, on May 19, has acquired the remaining 75% stake it does not own in Pastel Glove Sdn. Bhd. for a consideration of $46.8 million in a 50:50 cash and share transaction.

Under the term sheet, Enviro-Hub will pay a cash consideration of $23.4 million and further issue 292.5 million new shares at a pre-determined issue price of 8 centsper share for a total subscription price of $23.4 million.

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