KUALA LUMPUR (Dec 24): Supermax Corp Bhd said today the rubber glove manufacturer has issued a scam alert, claiming that certain unauthorised parties are taking advantage of the global shortage of gloves and Supermax s prominence and good standing to attempt and commit fraud.
In a statement, Supermax said there are parties who claim to be involved in sales and marketing of nitrile and latex gloves as well as other personal protective equipment produced by Supermax and its subsidiaries Supermax Glove Manufacturing Sdn Bhd, Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd and SuperVision Optimax Sdn Bhd. These unauthorised parties claim to be readily able to provide volume, stock and capacity and have disseminated fabricated documents to support their false claims.
(SCable) has struck deals with financial institutions to restructure the loans of its affected subsidiaries.
SCable said the affected companies (subsidiaries) have entered into the relevant agreements (RAs), including the restructuring agreements, with their respective lenders, with all the agreements having been signed by Dec 11,2020.
The parties have agreed to vary the terms and restructure the existing facilities in accordance with the affected companies’ restructuring scheme (RS), the company told Bursa Malaysia on Dec 11.
On the general salient terms of the RAs, SCable said the affected companies’ debts have been restructured to a repayment terms of up to five years, commencing from the date of the RAs.