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Aspen to scale down glove-making venture, warns of 'material impact' for current FY

The Edge Singapore
The Edge Singapore6/8/2022 09:40 PM GMT+08  • 2 min read
Aspen to scale down glove-making venture, warns of 'material impact' for current FY
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Aspen (Group) Holdings is “significantly” scaling down the operations of its glove-making subsidiary Aspen Glove, given the “drastic reduction” of gloves with the easing of the pandemic.

Aspen warns that this move will have a material impact on its results in the current financial year ending June 30 2022.

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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