Comfort Gloves buys Perak land for RM13.22m

PETALING JAYA: Comfort Gloves Bhd is acquiring a piece of land measuring about 157,500 square metres in Kinta, Perak for RM13.22 million.
The company said its wholly owned subsidiary Comfort Rubber Gloves Industries Sdn Bhd had on June 22 entered into a sale and purchase agreement with Nestle Manufacturing (Malaysia) Sdn Bhd for the land purchase.
The purchase sum is to be satisfied in cash via internally generated funds.
Comfort Gloves said the proposed acquisition is in line with its future expansion plans and to take up more business opportunities.
Its shares gained 1.8% to close at 86 sen on 856,500 shares done.