TOPGLOV (7113)Top Glove confirms looking into Hong Kong listing
“The proposed HKEX listing, if undertaken, will enable Top Glove to be present in a larger, more active and liquid stock exchange, enlarge and diversify its investor base, and also provide an alternate and larger fund raising platform to support the company’s future growth strategy, ” it said.
KUALA LUMPUR: Top Glove Corporation Bhd is evaluating a dual primary listing on the Hong Kong Exchange which enable it to have an alternate and larger fund raising platform to support its future growth strategy.
In its statement to Bursa Malaysia on Monday, the world’s largest glove maker said the proposal was still at a preliminary stage and the structure of the listing has not been finalised.
“The proposed HKEX listing, if undertaken, will enable Top Glove to be present in a larger, more active and liquid stock exchange, enlarge and diversify its investor base, and also provide an alternate and larger fund raising platform to support the company’s future growth strategy, ” it said.
Top Glove said more details in relation to the proposal would be made available in due course, if and when the board finalises the plan for, and approves, the HKEX Llisting.
It also said the proposal would be subject to approvals from all the relevant authorities in Malaysia, Singapore, Hong Kong and other applicable jurisdictions as well as approval from the company’s shareholders.
https://www.thestar.com.my/business/business-news/2020/10/12/top-glove-confirms-looking-into-hong-kong-listing
