Once the proposed subscription is completed, Enviro-Hub Holdings will grant a loan of about US$4.9 million to Pastel Glove.
Enviro-Hub Holdings has, on Jan 12, entered into a conditional subscription and loan agreement with Pastel Glove Sdn. Bhd., Law Siau Woei and Choo Kuan Ping, to invest US$5 million ($6.7 million) in Pastel Glove.
The investment will be done by way of a subscription of 500,000 new ordinary shares in Pastel Glove amounting to some US$125,000.
