SHAH ALAM: Top Glove Corp Bhd
will allocate about RM600mil as capital expediture (capex) for the financial year ending Aug 31, 2020 (FY20) compared with RM632.17 million capex set for FY19.
Its chairman, Tan Sri Dr Lim Wee Chai said the capex would mainly be used for factory automation and digitalisation, nitrile glove production line expansion, construction of new factories and machinery, as well as possible merger and acquisition activities.
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