Aspen Glove, a subsidiary of SGX listed Aspen (Group) Holdings, had on April 13 separately received a notice of adjudication from another contractor Tialoc Malaysia claiming RM84.4 million for work done for its glove-making plant. This follows a letter of demand that was first received by Aspen Glove on March 3.
Aspen Glove has received a letter of demand from Multi Purpose Metal Tech claiming nearly RM29.35 million allegedly owed for the design, fabrication and installation of glove-dipping lines at Aspen Glove’s manufacturing facilities.
As cited in the May 18 letter, Aspen Glove got to pay up within seven days and failing which MPMT will be “entitled to take legal action”.
