Supermax will incur additional labour cost at an average of RM1mil per month due to the minimum wage policy, or RM13mil per annum (9% of its 2013 net profit), according to Kenanga
PETALING JAYA: Glovemaker Supermax Corp Bhd
’s share price went on a roller-coaster ride following the conviction of its managing director Datuk Seri Stanley Thai for insider trading.
The counter opened lower by 26 sen or 12.44% at RM1.83 amid active selldown by nervous investors.
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