Aspen to build factory for new glove business, names MD for unit

Singapore

TO undertake Aspen (Group) Holdings' proposed glove-making business, the Malaysian property developer's wholly-owned subsidiary Aspen Vision All (AVA) has entered into a formal joint venture and shareholders' agreement with global capital market investor CMY Capital. (see amendment note)

The group has also appointed Iskandar Bashar Abdul Kadir as the managing director of Aspen Glove, the group's new unit for the proposed business, starting Wednesday.