Tropicana sells 1.85 million Top Glove shares at a loss


KUALA LUMPUR: Property firm Tropicana Corp Bhd has sold 1.85 million shares in Top Glove Corp Bhd in the open market for RM9.98mil.

The company told Bursa Malaysia on Friday that average cost of the investment was RM12.586mil.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tropicana Corp , Top Glove

Next In Business News

Cargill invests over US$130mil to expand asia poultry operations
Lindt cuts sales forecast as higher chocolate prices, heatwave dampen demand
BNM considers greater risk-taking to support energy transition
NWE Resources to raise RM28.6mil from ACE Market IPO
MRCB unit, Saudi developer to explore RM22.86bil GDV Mecca project
Sino-US trade gets reciprocal tariff cut boost
GLICs, GLCs to catalyse domestic economy with additional RM120bil investments
Yinson’s 2Q net profit rises 27% to RM128mil
SD Guthrie, Gamuda and Gentari JV inks 21-year renewable energy deal for data centres
Vantris Energy posts RM75mil 2Q profit, order book rises to RM7bil

Others Also Read