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VIP Gloves Secures $1M Loan Amid ASX Delisting Threat

9:20am on Monday 2nd of June, 2025 AEST Manufacturing
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VIP Gloves Secures $1M Loan Amid ASX Delisting Threat

9:20am on Monday 2nd of June, 2025 AEST
Key Points
  • Received RM 2.75 million (AUD$1 million) short-term interest-free loan
  • Loan to convert into shares upon ASX reinstatement
  • Placement of 288 million shares at $0.008 approved by shareholders
  • ASX to decide on company’s delisting status on 10 February 2025
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