15Mar
sgx2

Malaysia : Top Glove eyes SGX

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.

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