Singapore PE firm Hildrics Capital buys stake in embattled Malaysian rubber maker GIIB

Singapore PE firm Hildrics Capital buys stake in embattled Malaysian rubber maker GIIB

Malaysian Ringgit. Photo: Reuters

Singapore-based private equity firm Hildrics Capital has acquired an 8.2% stake in GIIB Holdings Berhad, a rubber products manufacturer that is currently ensnared in corruption cases, according to the latter’s filing to Bursa Malaysia on June 16.

Edited by: Pramod Mathew