Aspen Holdings Addresses Key Shareholder Concerns

Aspen (Group) Holdings Ltd. (SG:1F3) has released an update.

Aspen (Group) Holdings Limited is set to hold an extraordinary general meeting on 15 July 2024 where shareholders will vote on several key issues, including a major divestment and other agreements following the company’s exit from the rubber glove manufacturing sector. Aspen reported a substantial loss of approximately RM84 million from its glove business, and now focuses on its remaining non-core F&B business, featuring the ‘Kanada-Ya’ ramen outlets. The company’s recent financial moves are pivotal, as shareholders scrutinize past performance and seek accountability from the management.

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