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Top Glove inks MOU to buy Eastern Press for RM47.25m

Its net profit for fourth quarter up 51% to RM98.6 million on higher sales across all regions

Singapore

MALAYSIA-BASED glove-maker Top Glove Corporation Bhd has entered into a memorandum of understanding on Friday to acquire Eastern Press Sdn Bhd for RM47.25 million (S$15.1 million) in cash, the same day that it announced a 51 per cent rise in net profit to RM98.6 million for the...

sentifi.com

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