SEA Digest: KV Asia Capital buys GB Industries; Society Pass spins off luxury retail arm

SEA Digest: KV Asia Capital buys GB Industries; Society Pass spins off luxury retail arm

Photo by Clay Banks on Unsplash

KV Asia Capital has acquired a majority stake in Malaysia-based glove manufacturer GB Industries, while Vietnamese e-commerce enabler Society Pass (Sopa) has spun off its luxury retail arm Leflair Group (LFG).