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Top Glove opens at S$1.62 on debut of secondary listing on SGX


TOP Glove, the world's largest glove maker, opened at S$1.62 on the maiden day of its secondary listing on Singapore Exchange (SGX) on Tuesday.

The company that produces 45 billion gloves annually and has over 2,000 customers across 195 markets worldwide has a primary listing on Bursa Malaysia.

The listing of Top Glove, which has a market capitalisation of S$2 billion, brings the total number of SGX-listed healthcare companies to 33, with a combined market cap of about S$38 billion, SGX said in a statement.

As at 11.27am on Tuesday, the counter was trading at S$1.645 with 117,000 shares worth S$194,000 done.