Top Glove puts RM1.37b price on Aspion's surgical gloves

Singapore

THE negotiations have come to a close. On the table: an offer of RM1.37 billion (S$458 million) for Top Glove Corporation to pick up all the shares in investment holding firm Aspion from the owner, Adventa Capital.

A conditional share purchase agreement, inked and announced on Friday, will see rubber glove maker Top Glove expand into the surgical glove segment, the principal business of Aspion's subsidiaries.