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TWO years ago, as medical glove prices skyrocketed to astronomical levels during the early months of the Covid-19 pandemic, a slew of companies in various industries announced their intent to venture into the business either via starting a new manufacturing plant, buying an existing glove maker, or adding a rubber glove trading unit. ....
Aspen Group president and ceo M. Murly: said the agreement relieves the group of the need to manage sales and negotiate with various parties as it could now focus on accelerating its expansion plans. GEORGE TOWN: Aspen (Group) Holdings Ltd’s subsidiary, Aspen Glove Sdn Bhd has entered into a US$100mil medical-grade examination glove sales and distribution agreement with an unnamed third-party distributor. In a statement yesterday, the Penang-based property group said the distributor will offtake its entire 2021 production of approximately one billion pieces of nitrile and/or natural rubber medical-grade examination gloves to be produced from May 1 to Dec 3,2021. ....
KUALA LUMPUR (Dec 28): Kerjaya Prospek Group Bhd announced today it has won a RM61.9 million contract from Aspen (Group) Holdings Ltd, to develop a proposed residential project in Penang. Kerjaya Prospek told Bursa Malaysia that its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, won the contract from Aspen Vision City Sdn Bhd, an indirect subsidiary of Aspen (Group) Holdings. The contract shall commence on Jan 5, 2021 and be completed within 24 months from the commencement date. The contract is expected to provide an additional stream of revenue for the group over the next two years, said Kerjaya Prospek. In a separate statement, Kerjaya Prospek said the latest contract lifted the value of the contracts won year-to-date to RM1.5 billion. ....