Aspen Group says it has received approval for the manufacturing licence from the Ministry of International Trade and Industry in Malaysia (MITI) on Oct 28 for the production of nitrile medical grade examination gloves and natural rubber medical grade examination gloves.
See: Aspen Group to diversify business to include manufacturing and distribution of rubber gloves and Aspen to build glove making plant with bigger capacity of 1.5 billion instead of 1.1 billion units
On Sept 2, the Malaysian property developer announced its intention to include the manufacturing and distribution of rubber gloves as part of its business.
The group, on August 12, entered into a joint venture agreement (JVA) with investment holding company CMY Capital to diversify its business into the manufacture and distribution of rubber gloves.
On Sept 23, Aspen said it plans to build a plant with a glove making capacity of 1.5 billion units per year instead of its original 1.1 billion units.
More recently, on Oct 26, the group applied for an upgrade for its listing from Catalist to the Mainboard on the SGX-ST.
See also: Aspen applies to transfer listing to mainboard
Shares in Aspen closed 2 cents lower or 7.3% down at 25.5 cents on Oct 28.
