Top Glove sets aside RM220mil for capex

TUESDAY, JUNE 21 KUALA LUMPUR- Release of Bank Negara's foreign reserves as at 15 June 2016 at 1800 (1000 GMT) KUALA LUMPUR- Dewan Negara sitting at 1000 (0200 GMT) Top Glove Corp Bhd's(pic) media briefing on its third-quarter financial results at Shah Alam, Selangor at 1030 (0230 GMT)

SHAH ALAM: Top Glove Corp Bhd will set aside RM220mil for capital expenditure (capex) for the 2017 financial year.

Executive chairman Tan Sri Lim Wee Chai said that two-thirds of the amount would be used for building new capacity while the balance would be used for automation and refurbishment of existing capacity.