The Company is a Bermuda exempted holding company with limited liability incorporated on the 27 February, 2013. The Company does not itself engage in any substantive business other than acting as the ultimate parent company for the Group. Accordingly, it is dependent on the other companies within the Group and revenues received from them. Currently, the only direct wholly‐owned subsidiary of the Company is Biomax Rubber Industries Sdn Bhd.
Biomax Rubber Industries Sdn Bhd has one direct wholly‐owned subsidiary, Biomax Resources Sdn Bhd, which is a company organized under the laws of Malaysia that operates as the marketing arm of the Group.
The Company does not itself engage in any substantive business other than acting as the ultimate parent company for the Group. Currently, the only direct wholly‐owned subsidiary of the Company is Biomax Rubber Industries Sdn Bhd.
Today, Biomax Rubber Industries` products are exported to more than 20 countries worldwide to countries such as United State of America, United Kingdom, Japan, Vietnam, Europe, China, Middle East, India and Australia with its strong reputation of good product quality, timely delivery and excellent customer service. There are multinational companies in developed countries, who have made Biomax Rubber Industries as their preferred OEM manufacturer.
Currently, Biomax Malaysia employs seventy eight (78) full time employees at its factory in Malaysia, and produces approximately 384 million pieces per annum of ME gloves per annum and the factory has four (4) operating production lines. The production lines produce Latex ME gloves ‐ powdered (smooth, white) in all glove sizes.
