STGT Drops 1% after a Temporary Halt in Production from Covid-19 Discovery among Workers
STGT fell slightly after the report of a temporary halt on its two factories in the southern region of Thailand due to a Covid-19 discovery among workers.
The share price of Sri Trang Gloves (Thailand) Public Company Limited (STGT) dropped slightly on Monday, May 31, 2021, after the company reported a temporary halt on its two rubber glove factories in the southern region of Thailand due to a Covid-19 discovery among workers.
As of 11:12 local time in Thailand, STGT fell ฿0.50/share or 1.1% to ฿44.00/share with a trading value of 856 million baht. The share price plunged as much as 3.48% to ฿43.00/share earlier this morning.
Last Friday after trading hours, STGT announced that the company discovered 41 COVID-19 cases in day labourers at the factory in Surat Thani and Trang Province on May 28, 2021.
The company, with the cooperation of the Provincial Public Health Office, immediately seized the operation and put on a temporary closure of both factories for three days to sanitize the place as well as employee’s dormitories and the community in the area.
In addition, all workers who were potentially exposed to the risk of contracting the virus will be quarantined in a prepared area. Meanwhile, the company will closely monitor the situation and will consider the extension of temporary closure if needed.