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Medtecs International Corporation Ltd. ( (SG:546) ) has issued an announcement.
Medtecs International Corporation Ltd. announced the winding up of its subsidiary, Resilient Medical Pte. Ltd., and the distribution of shares in RMKH Glove Pte. Ltd. to regain control over its nitrile glove manufacturing operations in Cambodia. This strategic move positions Medtecs to better meet regional demand for protective equipment amidst global trade uncertainties, enhancing its operational readiness and market positioning.
More about Medtecs International Corporation Ltd.
Medtecs International Corporation Ltd. operates in the healthcare industry, focusing on the production and distribution of medical textiles and personal protective equipment. The company is involved in manufacturing nitrile gloves through its subsidiary RMKH Glove Pte. Ltd., with a factory located in Cambodia.
Average Trading Volume: 1,450,273
Technical Sentiment Signal: Sell
Current Market Cap: S$62.29M
For an in-depth examination of 546 stock, go to TipRanks’ Stock Analysis page.