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Aspen's glove subsidiary facing RM93.2 mil claim from contractor

The Edge Singapore
The Edge Singapore • 1 min read
Aspen's glove subsidiary facing RM93.2 mil claim from contractor
On Feb 11, the company recorded a loss of RM59.4 million for 2HFY2021 ended Dec 31, 2021
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Aspen (Group) Holdings says its glove-making subsidiary Aspen Glove has received a claim of RM93.2 million ($30.2 million) from Tialoc Malaysia.

The claim, which was received for March 1, was for construction work done to build the manufacturing facilities of Aspen Glove.

Tialoc Malaysia wants payment to be made within seven days from date of the letter, failing which, legal action will be taken.

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