Top Glove eyes secondary listing on SGX

Kuala Lumpur

THE ability to raise funds in Singapore at a lower cost has prompted Malaysia's Top Glove Corporation to seek a presence on the SGX, but this time via a secondary listing.

Even though the world's largest glove manufacturer is not in need of funds at present, it is thinking of the longer term should the need arise, according to its chairman Lim Wee-Chai.

"It's easier to charge Singapore shares with international banks as the value is different," said Mr Lim, who sees Top Glove's considerably bigger market capitalisation of more than …