Tropicana buys RM78mil worth of Top Glove shares

Lim, who is also Tropicana’s chairman, has a 11% stake in Tropicana.

PETALING JAYA: Tropicana Corp Bhd which has Top Glove Corp Bhd founder and chairman Tan Sri Lim Wee Chai as its major shareholder, has bought some RM78mil worth of Top Glove Corp Bhd’s shares.

Lim, who is also Tropicana’s chairman, has a 11% stake in Tropicana.

Based on stock exchange filings, Tropicana said it had bought 11.25 million Top Glove shares “at prevailing market prices from the open market”, via its indirect wholly-owned Desiran Reality Sdn Bhd, using internal funds.

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