According to Hartalega, its strategic initiatives include its original brand manufacturer (OBM) strategy "to build a regional multiple medical device distribution company focusing on markets in Asia Pacific". Hartalega, however, did not specify the list of medical devices the group intends to distribute. Hartalega said on its website that the company has a current annual glove production capacity of 44 billion pieces and that its targeted production capacity is 95 billion pieces of gloves annually. "Continued strong market competition and excess capacities from major players capped upward trajectory for ASP (average selling price). Hartalega has 3.42 billion outstanding shares, according to the company’s latest annual report.

Source: The Edge Markets October 09, 2022 19:25 UTC