Top Glove plans RM1bil acquisition


Top Glove chairman Tan Sri Lim Wee Chai to unveil details of RM1b purchase within a month

Top Glove chairman Tan Sri Lim Wee Chai to unveil details of RM1b purchase within a month

SHAH ALAM: Top Glove Corp Bhd will soon announce a major acquisition which will be around RM1bil, according to its chairman Tan Sri Lim Wee Chai.

“It is something good and we are 99% sure it’s in hand. We’ll announce it within the month,” he said at a press and analyst briefing at the company’s headquarters here on Tuesday.

The company that will soon be acquired by Top Glove is based in Malaysia and also produces gloves such as surgical gloves.

Top Glove said it is capitalising on mergers and acquisitons to achieve double digit growth in it revenue every year. 
 

Corporate News , M&A