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KUALA LUMPUR: Supermax Corp Bhd has cautioned that there could be a material adverse impact on its financial performance should efforts to divert its US glove shipments to other markets be unsuccessful.
The FBM KLCI on Thursday retraced gains over the last three sessions on profit taking, with investor sentiment also hit by news of the US crackdown on glove maker Supermax Corp Bhd.
PETALING JAYA: Shares of Supermax Corp Bhd tumbled by over 10% after it became the fourth listed Malaysian company whose products were banned by the United States customs in the past 15 months.
KUALA LUMPUR: Supermax Corp Bhd is facing earnings downgrades from analysts following the US import ban on its disposable gloves.
PUTRAJAYA, Oct 22 ― The Forced Labour National Action Plan will be launched next month as an approach to deal with forced labour issue in the country including the rubber glove manufacturing sector, said Human Resources Minister Datuk Seri M. Saravanan. In a statement today, he said the plan...