CIMB Research expects Hartalega to remain the market leader in the rubber gloves sector due to its strength in product and engineering innovations.
PETALING JAYA: Nervy investors bolted from Top Glove Corp Bhd
, briefly sending its share price down to its maximum daily limit, amid worries that the glove maker may have to make provision to account for overpaying recently completed acquisition.
Top Glove said it is taking legal action against Adventa Capital Pte Ltd for alleged fraud. It is claiming RM714.9mil in overstatement of assets and valuations.
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