Glove manufacturer UG Healthcare has announced a proposed diversification into active retirement homes and healthcare and wellness centres.
This will be done by an RM100 ($33) acquisition of investment holding company Indigo Teguh, owned by UG Healthcare CEO Lee Keck Keong. Lee holds a total deemed and direct interest of 60.07% of UG Healthcare.
It will leverage a consortium consisting of Lumayan, Lumayan Active Life and Indigo Tenguh for this project.
