US orders seizure of Top Glove goods due to use of forced labour
US Customs and Border Protection says there is ‘sufficient information’ to believe the Malaysian firm uses forced labour to make gloves
30 March 2021 - 13:35
Top Glove shares sank after US Customs and Border Protection ordered personnel at US ports of entry to seize its gloves made in Malaysia, putting pressure on the world’s biggest glove maker to improve its labour practices.
The stock fell 5.4% in Kuala Lumpur Tuesday to the lowest close since March 2, the biggest decliner on the main equities gauge. Trading volume was 145% of its three-month average. The shares have plunged 50% from an October high...
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