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Chinese group buys world's No 2 condom maker

Published Thu, May 25, 2017 · 09:50 PM

Sydney

A CHINESE consortium is buying Ansell Ltd's condom division, the world's No 2 condom maker, for US$600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.

The Australian firm, which put its oldest but smallest division up for sale last August, said it had reached an all-cash deal with China's Humanwell Heal…

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Companies & Markets

Chinese group buys world's No 2 condom maker

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

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