Headed by president and group CEO Murly Manokharan (picture), Aspen’s core business is in property development but has since joined the fray of companies diversifying into glove-making amid the boom for medical consumables during the pandemic.
Aspen (Group) Holdings is “significantly” scaling down the operations of its glove-making subsidiary Aspen Glove, given the “drastic reduction” of gloves with the easing of the pandemic.
Aspen warns that this move will have a material impact on its results in the current financial year ending June 30 2022.
