PETALING JAYA:
The group estimated that the exports from the two subsidiaries in the detention list affect half of its gloves shipped to the US, representing 12.5% of its total revenue. The update came on the back of Top Glove’s Bursa Malaysia filing, confirming it received the detention orders on July 15. To remedy the situation, Top Glove has allocated RM20 million to RM50 million as compensation to be paid to its workers, on behalf of the previous agent.
Lee said in its most recent business social compliance initiative audit, Top Glove received the best possible ‘A’ rating.
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