PBEC Corporate Member Top Glove announces HK listing

PBEC Corporate Member Top Glove plans to raise USD2.55 Billion MYR in Hong Kong to fund expansion and bolster its profile with overseas investors. The company, whose shares are traded in Kuala Lumpur and Singapore, plans to issue up to 1.49 billion shares at a price to be set at a later date, according to an exchange filing on Friday. At US$1 billion-plus, Top Glove’s listing would be the biggest ever by a Malaysian company in Hong Kong, according to data compiled by Bloomberg.

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