the reasons for the cessation of production doesn't make sense.
Malaysia has one of the lowest natural gas prices in the world and it is regulated, the prices did not increase by much since 2021, in fact it came down slightly.
https://www.indexmundi.com/commodities/?commodity=natural-gas¤cy=myr
https://www.st.gov.my/en/web/consumer/details/2/10
the minimum wage increase from 1,200 to 1,500, though seems steep does not equate to much.
directors fees equte to almost 3x the workers expense. so a 25% increase from last audited of $332k, would only be $80k, nothing much to be honest.
The board however, should be taking a way lower amount instead of over $1.5 million!
if directors did not pay themselves such a high amount for a company starting to move that cash would actually be sufficient to weather the down trend for now, their ASP, definitely is higher due to the salaries,
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Ann: Temporary cessation of glove manufacturing operations, page-11
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