The glove association said Malaysia only requires about 120 million pieces per year. It will merely take the industry six hours of production time to churn out this annual quantity.
Two foreign banks here — HSBC and OCBC — have announced this as well recently.
At 9.40am, LBS Bina pared some gains to trade at 38.5 sen, still up 10%, bringing a market capitalisation of RM530.18 million. The group saw some 492,600 shares traded.
The last time Malaysia’s business optimism recorded negative was the fourth quarter of 2015.
The disposal, the furniture producer said, is expected to be completed by the fourth quarter of this year and give rise to an estimated net gain on disposal of RM500,000.
“This is in addition to the standard restructuring and rescheduling financing programmes offered to all affected individual and business customers, announced earlier.”
RSDH chief executive officer Greg Brown said RSDH is working closely with the MoH, and that the group has implemented stringent safety protocols at its hospitals.
While the date of commencement for the job has yet to be decided, it is to be completed within 24 months.
"... minority shareholders who attended a discussion forum today pointed out that their main concern was that the offer price of 28 sen for TA Global shareholders was lower than TA Global's estimated revised net asset value (RNAV) of RM1.10."
It also blamed the loss on further impairment on the balance of Berjaya (China) Great Mall Co Ltd sales proceeds in anticipation of a delay in recovery proceedings, as well as an impairment of certain property, plant and equipment.
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