VIP Gloves to acquire Ammorium Resources

SYDNEY, AUSTRALIA: VIP Gloves Limited has entered into a Heads of Agreement with Julian Foo Kuan Lin, major shareholder of Ammorium Resources Sdn Bhd to acquire 100% equity interest in Ammorium. Ammorium, incorporated in Malaysia in 2015 holds a 10- year tax-exempt status and is fully licensed to commence glove manufacturing operations. The proposed acquisition…