Top Glove eyes secondary listing on SGX

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.