KUALA LUMPUR: Top Glove Corporation Bhd’s shares slipped more than 5% or 38 sen to RM6.74 at 4pm today, reducing its market capitalisation to RM55.33 billion.
About 55.5 million shares changed hands.
Earlier today, it was reported that Top Glove was among the companies facing charges for violating the Workers’ Minimum Standards of Housing and Amenities Act 1990 (Act 466).
Sixty-three charges involving several companies and employers, including the glove maker, had been referred to the deputy public prosecutor’s office for further action.
These companies are expected to face charges under Act 446.
In addition, the enhanced movement control order (EMCO) at Top Glove’s workers’ hostel in Klang, which was scheduled to have ended yesterday, had been extended another two weeks to Dec 14.
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