PETALING JAYA: Hartalega Holdings Bhd
will be decommissioning its Bestari Jaya facility and consolidating operations at its Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang as it embarks on a rationalisation plan.
The glove maker said the exercise is expected to incur an impairment loss of RM347mil in financial year 2023 (FY23) and a further provision for retrenchment costs and contract obligation expenses amounting to about RM70mil in FY24.
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