Home News Covid-19

UG Healthcare to conduct Covid-19 testing on employees as precautionary measure

Felicia Tan
Felicia Tan12/1/2020 05:32 PM GMT+08  • 1 min read
UG Healthcare to conduct Covid-19 testing on employees as precautionary measure
"The Covid-19 testing will have minimal disruption to our manufacturing operations", says its executive and finance director.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

UG Healthcare announced on Dec 1 that it will be conducting Covid-19 testing on its employees in its upstream manufacturing operations based in Malaysia.

The news comes after rival glove maker Top Glove reported that it will be closing some of its factories as over 2,000 of its workers tested positive for Covid-19 on Nov 23.


See: Top Glove's share price falls on factory closure news; buys back more shares

“We will be conducting Covid-19 testing on our employees as a precautionary measure to safeguard their health,” says UG Healthcare’s executive director and finance director Lee Jun Yih.

“The Covid-19 testing will have minimal disruption to our manufacturing operations as we continue to strive to ensure all our customers receive their required inventory of gloves. As such, we do not expect any material impact to our current financial year performance ending June 30, 2021,” Lee added.

Shares in UG Healthcare closed 1 cent lower or 1.4% down at 68 cents on Dec 1.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.