only thing to recover the economy is to have big infra project like more mega train or road or rail project. as what US had announced. definitely in demand unless delta or delta + kill everyone of us. else things have to move to ensure economy can run and people got job
guys please dont attack sifu r88.. he's been helping alot by shouting sell/telling negative news since supermax is rm2.. and now at price rm18.. and hope he cont to do the same when supermax at rm28 or 38 so that he can remind us to sell by that time
The Board of Directors of Top Glove wishes to confirm that the U.S. Customs and Border Protection (“CBP”) has placed a detention order on disposable gloves manufactured by two of the Company’s subsidiaries, namely Top Glove Sdn Bhd and TG Medical Sdn Bhd on 15 July 2020.
We are reaching out to the CBP through our office in U.S., customers and consultants, to understand the issue better and work towards a speedy resolution of the matter, within an estimated 2 weeks.
There is a possibility this may be related to foreign labour issues, which we have already resolved, save for one more issue with regard to retrospective payment of recruitment fees by our workers to agents prior to January 2019, without our knowledge. However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented.
Over the past few months we have been working on this issue which involves extensive tracing, to establish the correct amount to be paid back to our workers, on behalf of the previous agents. We estimate the total amount to be about RM20 million to RM50 million.
We believe it is in the best interests of all parties to come to a solution expeditiously so that our disposal gloves can reach the parties that need it the most, during this COVID-19 time.
The Company will provide updates upon further developments.
TOPGLOV - Trading Halt and Resumption of Trading TOP GLOVE CORPORATION BHD
Kindly be advised that trading in TOPGLOV's shares has been halted with effect from 2.30 p.m., Thursday, 16 July 2020. Accordingly, trading in structured warrants relating to TOPGLOV has also been halted at the same time.
Trading in the above securities will resume with effect from 3.30 p.m., Thursday, 16 July 2020.
Your attention is drawn to TOPGLOV's announcement dated 16 July 2020.