Top Glove seeks RM7.77bil by selling new shares in Hong Kong

KUALA LUMPUR: Top Glove Corp Bhd is seeking to raise RM7.77bil by selling new shares in Hong Kong.

In a filling with Bursa Malaysia today, he world's biggest maker of the protective gear by volume said the dual primary listing on the Hong Kong Stock Exchange involved the issuance of up to 1.495 billion new shares.

This is 18.65% of the group's total issued shares of 8.02 billion. The issue price for the new shares will be fixed at a later date.

"As part of the Proposed Dual Primary Listing, all existing Top Glove Shares, which are currently listed and traded on Bursa Securities and Singapore Exchange, together with the new Top Glove Shares to be issued will be fungible between these three stock exchanges," Top Glove said.

Details regarding the process to transfer Top Glove shares among these three stock exchanges and the fees payable will be set out in the circular, to be issued later.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Top Glove , Hong Kong Stock Exchange


Next In Business News

Ringgit opens lower as US Teasury yields ease
Quick take: UCrest jumps 24%, most active on Bursa
Foreign investors turn net sellers with RM235.26mil net outflow
Rewarding entrepreneurs who rise to the challenge
A revolution in cleaning
KLCI opens weaker on resurgence of Covid infections
Quick take: Magna Prima falls after auditors' highlight 'material uncertainty'
Driven to excel
Trading ideas: Central Global, Dynaciate Group, Transocean Holdings
MIDF cuts earnings outlook on Capitaland Malaysia Mall Trust

Stories You'll Enjoy