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The Edge Markets – Hospital Bed Maker LKL Reveals Details Of Firm Granting Glove Supply Contract

KUALA LUMPUR (Sept 14): LKL International Bhd has finally revealed the identity of the
Chinese company that granted it the RM78.5 million nitrile glove supply contract.
“Further to the company’s announcements made on Sept 2 and Sept 7, 2020 in relation
to the sales contract awarded to LKLAM (LKL Advance Metaltech Sdn Bhd) for the
supply of nitrile gloves, the board of directors of LKL International wishes to announce
that the name of the customer is Weihai Textile Group Import and Export Co, Ltd,” said
LKL in a bourse filing.

The announcement came after the company was queried by Bursa Malaysia for more
details of the RM78.5 million nitrile glove supply contract.
Last Monday, the hospital furniture manufacturer said it could not reveal the name of the
Chinese firm to which it is supplying nitrile gloves as the latter denied the request to
identify it.

On Sept 2, 2020, LKL had announced that its wholly-owned subsidiary LKLAM had been
awarded an US$18.96 million or RM78.49 million sales contract to supply nitrile gloves.
LKL’s share price shot up in tandem with the rebound on glove makers. The stock soared
nearly 26% or 26 sen to close at RM1.27 today, valuing it at some RM544.48 million. It
saw 124.68 million shares traded.

September 14, 2020

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