Enviro-Hub to invest in Pastel Glove for US$5 mil, to become 25% subsidiary after

Felicia Tan
Felicia Tan1/12/2021 7:26 PM GMT+08  • 2 min read
Enviro-Hub to invest in Pastel Glove for US$5 mil, to become 25% subsidiary after
The agreement is expected to be completed on or before Jan 31.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Enviro-Hub Holdings has, on Jan 12, entered into a conditional subscription and loan agreement with Pastel Glove Sdn. Bhd., Law Siau Woei and Choo Kuan Ping, to invest US$5 million ($6.7 million) in Pastel Glove.

The investment will be done by way of a subscription of 500,000 new ordinary shares in Pastel Glove amounting to some US$125,000.

Once the proposed subscription is completed, Enviro-Hub Holdings will grant a loan of about US$4.9 million to Pastel Glove.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.