Analyzing Latexx Partners Takeover

July 31, 2021

While many brokers do not have view on the valuation of the Newco enlarged entity Jeremy Goh is the one of the earliest that come out with the valuation for the NewcoHis valuation is at RM370 and the Newco offer price is at RM280. Expect an announcement as early as next week one of the sources says.

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MIDF Research has upgraded its rating for the Rubber Glove sector to Positive and said that with the easing of latex and nitrile prices sustainable demand growth and relatively stronger USD it anticipates the profitability of the rubber glove.

Analyzing latexx partners takeover. Latexx Partners has manufacturing facilities at Kamunting Industrial Estate in Perak. Latexx Partners Berhad is a company engaged in investment holding and trading of rubber gloves. Sempermed Global Group Acquires Latexx Partners.

However the deal looks unattractive with limited upside given the offer price of RM310 only. Semperit will launch a voluntary conditional cash offer for all outstanding shares andwarrants of Latexx Partners. May 05 2021 Heraldkeepers -- This report describes the global market size of Rubber Glove from 2016 to 2020 and its CAGR from 2016 to 2020 and also.

The Company through its subsidiaries is engaged in manufacturing and sale of examination rubber gloves and operates principally in Malaysia. The objective is to acquire a. LATEXX PARTNERS BHD Description.

When contacted Tan Sri Lim Wee Chai executive. Semperit AG Holding a joint venture partner of Sempermed USA Inc announced a takeover offer for Malaysian Latexx Partners Berhad via its wholly-owned subsidiary Semperit Investments Asia. The report also stated that Latexx Partners could be sold for about RM300 million.

KUALA LUMPUR Oct 9- Shares in Malaysian rubber glove maker Latexx Partners surged 274 percent on Tuesday after Austrian firm Semperit AG Holdings made a 603 million ringgit takeover offer in cash. Analyzing Latexx Partners takeover offer Just before CNY Latexx surprisingly announcing that the company had accepted a non-binding takeover offer by two private equity funds. Untersuchungs- und Operationshandschuhe Hydraulik- und Industrieschluche Frderbnder Rolltreppen-Handlufe Bauprofile Seilbahnringe und Produkte fr.

It named Penang-based MQ Technology Bhd MQ Tech as another buyer. What keeps me interested in Latexx Partners is the fact the stock was being bashed down all the way to RM204 to one point and it was the lowest price since 2009. Purchase and Offer Price of MYR 230 EUR 058 per share in cash and MYR 177 EUR 045 per warrant in cash.

Takeover of Malaysian Latexx Partners leads to next phase of global growth. It was taken private by Semperit at RM230 per piece and its warrant at RM177 in 2013. Assuming a 100 takeover of Latexx Partnersthe maximum transaction volume will amount to approximately MYR 603m 152m.

In addition Semperit is making a voluntary conditional offer for all outstanding shares andwarrants of Latexx Partners. I have reason to believe yesterday uptick in price for Sunway Holdings and Suncity was due to OSK report by Jeremy Goh. On June 18 New Straits Times also quoting a source reported that Top Glove was a frontrunner to take over Latexx Partners.

Latexx 2140 OTHERS LATEXX PARTNERS BERHAD LATEXX OR THE COMPANY TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD RHB INVESTMENT BANK ON BEHALF OF SEMPERIT INVESTMENTS ASIA PTE LTD SIA OR THE OFFEROR EXIT OFFER. The takeover had then made Semperit the worlds second largest rubber glove manufacturer after Top Glove. Die brsennotierte Semperit AG Holding ist eine international ausgerichtete Unternehmensgruppe die in den Sektoren Medizin und Industrie hochspezialisierte Produkte aus Kautschuk und Kunststoff entwickelt produziert und vertreibt.

Interview with Pearly Lam January 16 2010 116 December 20 November 18 October 23 September 7 August 9 July 7 June 8 May 6 April 7 March 7. Austrian rubber and plastic products maker Semperit Holding AG launched a 1974 million cash offer for Malaysian medical glove maker Latexx Partners. Analyzing Latexx Partners takeover offer.

This came as a surprise to some analysts given that Semperit had. Its subsidiaries are Latexx Manufacturing Sdn. TOP Glove Corp Bhd is understood to be in talks to take over competitor Latexx Partners Bhd sources familiar with the matter tell The Edge.

Prior to September 2010 Gunung Capital Berhad Gunung was simply an unexciting latex commodity trading arm for Latexx Partners Berhad Latexx as both companies has the same substantial shareholder Low Bok Tek aka. KUALA LUMPUR Oct 8- Austrian rubber and plastic products maker Semperit Holding AG launched a 1974 million cash offer for Malaysian medical glove maker Latexx Partners Bhd securing an. Bhd which is engaged in manufacturing.

The offer price per share is MYR 230 058 and the offerprice per warrant is MYR 177 045. Robotech apparently the wealthiest man in Taiping. However by September 2010 Gunung completed a successful corporate restructuring and acquisition.

Then the share price slowly creep up and continue to go up and close at RM227 today. The talks are said to have been ongoing for some time now with a deal likely to be concluded soon the sources add. Semperit will significantly improve its.

Those that believe RM204 is the lowest it can go and start accumulating would have pocketed in.

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