GIIB identifies ways to turn around operations by early 2022

GIIB plans to get the losses off its books by venturing into glove business by the end of this year. It reckons that going into rubber glove manufacturing is an extension of the rubber glove trading business that the company embarked on eight months ago.

AFTER three years of losses, Main Market-listed GIIB Holdings Bhd (GIIB) is embarking on a plan to turn around its fortunes by early next year.

The company will be divesting its core retreading business as well as two land parcels spanning 10 acres in Sabah. The latter is worth around RM36mil.