The Company has historically operated as an investment company.
The Company’s shares are currently listed on the Australian Securites Exchange.
The Company completed the acquisition of KLE Products Sdn Bhd in January 2016 following the issue of a Public Offer Prospectus that raised in excess of AU$3.5 million.
After a number of years of evaluating potential acquisition opportunities, the Company intends to acquire 100% of the share capital of KLE Products Sdn Bhd. (subject to a number of conditions precedent first being satisfied).
KLE is a Malaysian manufacturer of conveyor chain systems and components that service the rubber glove manufacturing industry. KLE manufactures a range of roller conveyor chains and former holder sets according to customer specifications.