Supermax confirms Canada terminated two contracts by mutual consent

Supermax Corporation Bhd has confirmed that the Supermax Group’s Canadian subsidiary, Supermax Healthcare Canada Inc, has agreed to terminate by mutual consent with the Canadian government the two existing contracts for the supply of nitrile gloves.

Supermax said that the remaining balance of these two contracts at free on board (FOB) value is US$12.67 million (RM53 million) or under 0.8 percent of the group’s revenue...