KUALA LUMPUR (Jan 11): Based on corporate announcements and news flow today, companies that may be in focus tomorrow are as follows: HLT Global Bhd, Advancecon Holdings Bhd, Public Bank Bhd and Asia Media Group Bhd.
HLT Global Bhd has proposed to acquire the remaining 45% stake in its 55%-owned rubber glove subsidiary for RM90 million. The group said plans to acquire the stake in HL Rubber Industries Sdn Bhd (HLRI) via the issuance of 90 million new HLT shares at RM1 per share. The vendors of the stake are Suntel International Co Ltd, Hup Lek Engineering & Trading Sdn Bhd, Teng Kok Fah and Lau Siong Hut. HLT said it decided to raise its stake in HLRI, given the favourable prospects of the rubber glove industry.