Aspen Group subsidiary secures glove sales deal

Aspen Group president and ceo M. Murly: said the agreement relieves the group of the need to manage sales and negotiate with various parties as it could now focus on accelerating its expansion plans.

GEORGE TOWN: Aspen (Group) Holdings Ltd’s subsidiary, Aspen Glove Sdn Bhd has entered into a US$100mil medical-grade examination glove sales and distribution agreement with an unnamed third-party distributor.

In a statement yesterday, the Penang-based property group said the distributor will offtake its entire 2021 production of approximately one billion pieces of nitrile and/or natural rubber medical-grade examination gloves to be produced from May 1 to Dec 3,2021.