It would be an understatement to say that the last 12 months have been a trying time for Top Glove Corporation Berhad (SGX: BVA).
The largest glove manufacturer in the world was beset by a litany of problems.
At the top of the list was a ban by the US Customs and Border Protection (CBP) on glove imports in the country.
Back in July last year, the US CBP imposed a detention order on the group, citing instances of forced labour.
To make matters worse, Malaysia’s largest COVID-19 cluster broke out in one of its dormitories in December last year.
The Malaysian government then threatened to take legal action against Top Glove for poor worker accommodation standards. Fortunately, the group has escaped relatively unscathed.
With all the bad news, it’s refreshing to see good news, for a change.
Just last week, the group announced that the US CBP had lifted all...