Supermax Corporation Bhd’s dual listing on the Singapore Exchange has been put on hold. — Reuters picKUALA LUMPUR, May 7 — Supermax Corporation Bhd’s dual listing on the Singapore Exchange has been put on hold amid current circumstances.
“We think that the company could instead use the treasury shares to be paid out as dividend to shareholders. It said the glove maker also noted that average selling price has moderated by 15 per cent to 25 per cent from the peak.The softer pricing can be attributed to additional capacity in the market, which led to higher supply and softer nitrile rubber prices.
Supermax is also preparing itself to continue to thrive post-pandemic, through further expansion of production capacity and market expansion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.