KUALA LUMPUR: HLT Global Bhd has has proposed to acquire the remaining 45% stake in glove making unit HL Rubber Industries Sdn Bhd (HLRI) for RM90mil.

The company told Bursa Malaysia today that it will issue 90 million new shares at RM1 each to pay for the acquisition.

For the 10-month ended Oct 31, 2020, HLRI recorded an unaudited profit after tax of RM32.58mil the back of a revenue of RM125.32mil.

"The Group is expected to benefit from the Proposed Acquisition in the future from both financial and operational perspectives," it said.

As it is, HLRI is a 55% subsidiary of HLT Global.

The company said it had entered into a conditional share sale agreement (SSA) today with Suntel International Co Ltd, Hup Lek Engineering & Trading Sdn Bhd and Teng Kok Fah for the proposed acquisition of the 4,200,000 HLRI shares (40%) held by them.

The purchase will be setlled via the issuance of 80 million new HLT Global shares.

"As at to date, HLT Global is in the midst of negotiation with Lau Siong Hut for the acquisition of the remaining 525,000 HLRI shares, which represent 5% of the issued share capital of HLRI, owned by LSH for a purchase consideration of RM10mil on parallel terms as the SSA," it said.

吉隆坡：HLT Global Bhd建议以9000万令吉收购手套制造子公司HL Rubber Industries Sdn Bhd（HLRI）的其余45％股权。

该公司今天告诉大马交易所，它将以每股1令吉发行9000万股新股，以支付这项收购。

截至2020年10月31日的10个月，HLRI录得未经审计的税后利润3258万令吉，而收入为12532万令吉。

它说：“预计从未来的财务和运营角度来看，集团将从拟议的收购中受益。”

实际上，HLRI是HLT Global 55％的子公司。

该公司表示，已与Suntel International Co Ltd，合沥工程贸易有限公司和Teng Kok Fah签订了有条件的股票出售协议（SSA），以建议收购他们所持有的4,200,000股HLRI股份（40％）。

此次收购将通过发行8000万股HLT Global新股来解决。

“截至目前，HLT Global正在与Lau Siong Hut进行谈判，以收购LSH拥有的剩余525,000 HLRI股份，占HLRI已发行股本的5％，收购价为1000万令吉。 与SSA类似的术语，