PETALING JAYA :
- Top Glove Corp Bhd is seeking a secondary listing on the Singapore Stock Exchange to gain a bigger audience – a move that has been undertaken by some companies previously but with little to shout about.
- Top Glove is seeking a secondary listing of its shares on the Main Board of Singapore Exchange Securities Trading Ltd (SGX-ST) by the third quarter of this year.
- The world’s largest rubber glovemaker said the proposed secondary listing will not involve the issuance of any new Top Glove shares. However, its major shareholders may divest a portion of their shareholdings amounting to 20% to create liquidity.