KUALA LUMPUR, July 30 -- Top Glove Corporation Bhd has made good progress in its engagements with the US Customs and Border Protection (CBP) in relation to the latter’s order on disposable gloves manufactured by Top Glove Sdn Bhd and TG Medical Sdn Bhd.
In a statement today, the rubber glove maker said it is looking forward to arriving at an agreement on remediation next month, upon which it plans to commence payments immediately.
“This will enable us to continue delivering our gloves especially to first respondents, whose safety and lives are on the line during this critical time,” it said.
In addition, Top Glove has appointed an independent consultant to advise on this matter.
At close today, shares of Top Glove declined 26 sen to RM25.88 with 14.37 million shares transacted.