KUALA LUMPUR – Top Glove Corp 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 is among companies set to face 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, have been referred to the deputy public prosecutor's office for further action.
The companies are expected to face charges under Act 446.
In addition, the enhanced movement control order at Top Glove's workers' hostel in Klang, which was scheduled to end yesterday, has been extended to December 14. – Bernama, December 1, 2020
