Top Glove to continue share buyback trend

“We are in a net cash position of RM3.4bil. Our high cash generation enables us to fund the capital expenditure internally but also for strategic expansion, ” its executive director Lim Cheong Guan (pic) said at a press briefing yesterday.

PETALING JAYA: Top Glove Corp Bhd is poised to continue with its share buyback activity as its cash pile has swelled to more than RM3bil.

“We are in a net cash position of RM3.4bil. Our high cash generation enables us to fund the capital expenditure internally but also for strategic expansion, ” its executive director Lim Cheong Guan (pic) said at a press briefing yesterday.