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Malaysia: Kossan boosts stake in Cleanera to 82%

Medical glove manufacturer Kossan Rubber Industries is to acquire a 27% stake in Hong Kong-based Cleanera, a trader of clean room products for US$1.6 million, from Midori Anzen. Upon completion, Kossan will hold 82% of the company.

In a statement, Kossan said that the net assets of Cleanera has grown from HK$7.98 (US$1.02) per share in 2011 to HK$9.83 per share in 2016. More to the point, based on the Chinese Institute of Electronics’ forecast, it said that China’s clean room engineering industry is expected to rise from Rmb43.2 billion (US$6.5 billion)in 2012 to Rmb126.9 billion by next year: a compound annual growth rate of 19.7%.
Posted on: 06/12/2017 UTC+08:00


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