To that end, Aspen states that despite a slight delay in the commencement of production of Phase 1(a), Aspen Glove is “well on track to meet its contractual obligations”, with first shipments scheduled for delivery by end of May.
Pursuant to Malaysia’s Movement Control Order which commenced from May 12 and is effective until June 7 (MCO 3.0), Aspen Group Holdings has released a business update on implications of the MCO 3.0 on its main business segments on May 17.
For its glove-making business, Aspen notes that the staff of its subsidiary Aspen Glove that directly involved in the production lines is allowed to work at full capacity taking into account strict compliance to the prescribed SOPs. Aspen Glove currently uses three teams working eight-hour shifts to provide 24/7 coverage. For management staff, 70% are required to work from home.
