Supermax Corporation Berhad informed that the company has on 18 December 2020, incorporated a wholly-owned subsidiary in USA known as Maxter Healthcare Incorporated. Maxter Healthcare Incorporated was incorporated with an issued and paid up share capital of USD 1. Subsequent to the incorporation, the issued and paid up share capital will be increased to USD 100 million. The initial paid capital is part of the total allocation of USD 550 million Capital Investment for Medical Glove Plant #18 when both Phase #1 & #2 are completed and commissioned. The intended principal activity of Maxter Healthcare Incorporated is manufacturing of Made In USA Medical Gloves, other personal protective equipment & the building of National Headquarters in the USA.