KV Asia Capital completed the acquisition of a majority stake in G.B. Industries.

KV Asia Capital, a private equity firm, completed the acquisition of a majority stake in G.B. Industries, a latex glove manufacturer. Financial terms were not disclosed. "This investment comes at the right time and will enable GBI to realise even further goals and ambitions globally. We are looking forward to grow from strength to strength with the support and strategic input from KV Asia," Ong Boon Kee, GBI CEO.