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Aspen (Group) receives adjudication notice from Tialoc to claim RM84.4 million

The Edge Singapore
The Edge Singapore4/13/2022 07:17 PM GMT+08  • 1 min read
Aspen (Group) receives adjudication notice from Tialoc to claim RM84.4 million
Under president and group CEO Murly Manokharan, Aspen tried to diversify from property into glove-making / Photo: Aspen
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Aspen (Group) Holdings says that its subsidiary Aspen Glove (AGSB) has received a notice of adjudication from its contractor Tialoc Malaysia claiming RM84.4 million for work done for its glove-making plant.

This follows a letter of demand that was first received by AGSB on March 3.

Headed by president and group CEO Murly Manokharan (picture), Aspen’s core business is in property development but has since joined the fray of companies diversifying into glove-making amid the boom for medical consumables during the pandemic.

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