Top Glove buys back 1.4m shares for RM10m

 

KUALA LUMPUR (Sept 9): Top Glove Corp Bhd has repurchased 1.39 million units of its own shares for close to RM10 million, it said in a bourse filing today.

The shares, according to the glove maker, were bought at between RM7.11 and RM7.21 apiece.

This brings the group’s cumulative net outstanding treasury shares to 3.38 million units and adjusted issued capital after cancellation to 8.13 billion shares.

“Total number of shares purchased or held as treasury shares against the total number of issued shares is 0.04%,” it noted.

Top Glove’s share price closed 49 sen or 6.41% lower at RM7.15 with 135.61 million units exchanging hands. This gave the counter a market capitalisation of RM58.11 billion.

http://www.theedgemarkets.com/article/top-glove-buys-back-14m-shares-rm10m