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KUALA LUMPUR (May 28): Condom manufacturer Care Latex Sdn Bhd said on Wednesday it has secured an investment from a private vehicle of the founders of Kossan Rubber Industries Bhd (KL:KOSSAN).
The transaction details were not disclosed, though Kossan Holdings (M) Sdn Bhd would be its third-largest investor ahead of its planned initial public offering, Care Latex said in a statement. The investments from Kossan Holdings would help to support its long-term growth ambition, it noted.