In 2021, Enviro-Hub invested more than $50 million in Pastel Glove, paying in a mix of cash and shares at 8 cents each. Pastel Glove also owns a 40% stake in another joint venture company Pastel Care, whose key business activities include the retail sale of pharmaceuticals and medical and orthopaedic goods
For the longest time, Enviro-Hub stuck to what it knew best, which was e-waste recycling. However, volatility in commodity prices and low margins have forced it to look elsewhere in the healthcare sector.
Adrian Toh, Enviro-Hub’s chief investment officer (CIO) and executive director, says he is always on the lookout for new opportunities and has set his eyes on the glovemaking and pharmaceutical business.
