Top Glove puts RM1.37b price on Aspion's surgical gloves
The proposed deal will help the firm expand its product range
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Annabeth Leow
Singapore
THE negotiations have come to a close. On the table: an offer of RM1.37 billion (S$458 million) for Top Glove Corporation to pick up all the shares in investment holding firm Aspion from the owner, Adventa Capital.
A conditional share purchase agreement, inked and announced on Friday, will see rubber glove maker Top Glove expand into the surgical glove segment, the principal business of Aspion's subsidiaries.
