Top Glove remains committed to Hong Kong IPO plan

“Top Glove wishes to inform that the company remains committed to the proposed IPO in Hong Kong and where appropriate, material developments regarding this matter will be announced on the relevant stock exchanges, ” the glove maker said in a short filing with Bursa Malaysia.

KUALA LUMPUR: Top Glove Corp Bhd says the company remains committed to its plan to list new shares in Hong Kong after news reports suggested that the proposed initial public offer (IPO) has been delayed.

The world’s largest glove maker, which is already listed in Bursa Malaysia and Singapore, flagged in late April that it would sell 793.5 million shares in the listing, half of what the company proposed in its application to the Hong Kong Stock Exchange in February.