Top Glove today confirmed that the US Customs and Border Protection placed a detention order effective yesterday on disposable gloves manufactured by two of its subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd. — Picture courtesy of Top Glove Corporation
Trading in the shares and warrants of Top Glove was halted with effect from 2.30pm for the announcement on the US’ move and was scheduled to resume at 3.30pm. However, trading across the stock exchange stopped for the rest of the day from 3.30pm onwards due to a technical issue. “We are reaching out to the CBP through our office in the US, customers and consultants to understand the issue better and work towards a speedy resolution of the issue,” it said in a filing with Bursa Malaysia.
“However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented,” it said.