Tuesday, 17 April 2012

Hartalega continues ascend on expansion plans

KUALA LUMPUR (APRIL 17): HARTALEGA HOLDINGS BHD [] shares continued to advance on Tuesday after the company said it was setting up a RM1.5 billion “next generation integrated glove manufacturing complex” (NGC) comprising 70 new high tech production lines.

At 12.01pm, Hartealega gained 23 sen to RM8.19 with 242,900 shares done.

The company last Friday said that its wholly owned subsidiary Hartalega NGC Sdn Bhd that was incorporated on March 29 is the designated corporate vehicle for the setting up of the NGC project, that is mainly involved in the production of rubber gloves to cater to fast rising global demand.

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