US to seize gloves from Malaysia’s Top Glove over forced labour

Mar 30, 2021 | INVESTING

 Top Glove Corp.’s stock sank after the US Customs and Border Protection ordered personnel at American ports of entry to seize its gloves made in Malaysia, putting pressure on the world’s biggest gloves maker to improve its labour practices.The company’s shares tumbled as much as 5 per cent to the lowest level since March 3 on Tuesday in a second day of losses. It’s down 21 per cent this year, the among the biggest decliners on the main equities gauge.The move is a blow to Top Glove and comes…

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