The Business Times
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Aspen subsidiaries face claims amounting to over RM100m

Michelle Zhu

Michelle Zhu

Published Fri, Mar 4, 2022 · 09:50 PM

Singapore

TWO of Aspen Holdings' subsidiaries have been served notices of claims for over RM100.4 million (S$32.5 million) in total.

In a regulatory filing on Thursday (Mar 3), mainboard-listed Aspen announced that Aspen Glove had received a Mar 1 letter of demand from Tialoc Malaysia claiming RM93.2 million for construction works done for the glove-making subsidiary's manufacturing facilities, among other services.

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