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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters