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Aspen Group subsidiary, Aspen Glove, secures sales of US$100 mil

Felicia Tan
Felicia Tan1/13/2021 12:40 PM GMT+08  • 3 min read
Aspen Group subsidiary, Aspen Glove, secures sales of US$100 mil
As at 12.39pm, shares in Aspen are trading 3 cents higher or 12.5% up at 27 cents.
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Aspen Glove, the subsidiary of Aspen Group, has entered into a sales and distribution agreement with an unnamed third-party distributor on Jan 13.

Under the agreement, Aspen Glove will supply its entire 2021 production to the distributor, which is estimated to be around 1 billion pieces of nitrile medical grade examination gloves, as well as natural rubber medical grade examination gloves.

The gloves will be produced from May 1 to Dec 31.

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