Malaysian fund buys 20% stake in Thai rubber glove maker

Malaysian fund buys 20% stake in Thai rubber glove maker

Shun Thai's glove products. Image from Shun Thai's website.

Malaysia-based Utilities Investment Management Private Fund has acquired a 20.05-per-cent stake in Thailand-based glove manufacturer Shun Thai Rubber Gloves Industry PCL (STHAI) as part of its long-term investment strategy.

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