Top Glove's S'pore unit privatisation move viewed positively

INTERVIEW TOP GLOVE.... TAN SRI LIM

PETALING JAYA: The market views positively Top Glove Corp Bhd’s proposed privatisation of its Singapore-listed unit Medi-Flex Ltd as this will improve the long-term earnings contribution to the company.

According to Affin Investment Bank Bhd analyst Mandy Teh, the corporate exercise could plug Medi-Flex’s “earnings leakage” to minority shareholders and deliver cost savings to Top Glove.