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Top Glove chairman mops up 1.74m shares, raises direct stake to 26.6%

KUALA LUMPUR (March 22): Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai has bought another 1.74 million shares of the group at RM5.27 a share, raising his shareholding in the glovemaker to 2.13 billion shares or 26.59%.

Lim also has an indirect stake of 692.19 million shares or 8.651% in the group, Top Glove said in a stock exchange filing.  

Lim has continued to accumulate Top Glove’s shares in recent weeks.   On March 16, he purchased 4.399 million shares at RM5.20 each, raising his holdings in the group to 26.57%.

Shares of Top Glove traded one sen or 0.18% lower at RM5.40 today, valuing the glove manufacturer at RM44.30 billion.

http://www.theedgemarkets.com/article/top-glove-chairman-mops-174m-shares-raises-direct-stake-266

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