KUALA LUMPUR (May 31): Rubberex Corp (M) Bhd said it is buying test kit manufacturer Reszon Diagnostics International Sdn Bhd for up to RM180 million. Reszon is principally involved in the manufacturing of innovative vitro diagnostics test kits, Covid-19 rapid test kits and test kits specializing in infectious diseases diagnosis and drug of abuse screening for medical professionals and clinical diagnostic markets. Subsequent to the acquisition, Rubberex intends to diversify into the healthcare sector, which includes the manufacturing and sales of test kits and other healthcare related products and services. The group has also proposed to change its name to Hextar Healthcare Bhd. He said the group’s progression into the healthcare sector, specifically in the manufacture of medical devices such as test kits, is complementary to its existing glove business.
