Top Glove eyes secondary listing on SGX
Malaysia-listed glove-making heavyweight's proposed Singapore listing may take place by the third quarter
Singapore
If things roll according to plan, the world's largest glove maker Top Glove Corp with a market value of nearly RM7 billion (S$2.3 billion) will join its two Malaysian-listed counterparts on the Singapore Exchange (SGX) by the third quarter of this year.
The potential listing of the Bursa Malaysia-listed glove heavyweight - an investor darling during times of misery (gloves are indispensable to the healthcare sector and sales surge during an outbreak) - is good news for the SGX which is hit by a dearth of initial public offerings (IPO) and delisting of big names.
Top …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hilton lifts 2024 profit forecast on international travel demand
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
China knockoff raid jolts a global throng of fake-fashion influencers
Tesla profits tumble but shares rise on new vehicle plan