Top Glove to pursue Hong Kong listing at appropriate time
Top Glove Corporation Bhd will continue to monitor the market conditions and pursue the Hong Kong listing exercise at the appropriate time, in view of developments in the global financial markets.
The world’s largest rubber glove maker said this in a filing with Bursa Malaysia today to clarify news articles yesterday that reported about the delay in the company’s Hong Kong initial public offering.
“The company’s decisions are...
Top Glove Corporation Bhd will continue to monitor the market conditions and pursue the Hong Kong listing exercise at the appropriate time, in view of developments in the global financial markets.
The world’s largest rubber glove maker said this in a filing with Bursa Malaysia today to clarify news articles yesterday that reported about the delay in the company’s Hong Kong initial public offering.
“The company’s decisions are always for the long-term benefit of the company and its stakeholders,” it said, reiterating its remark yesterday.
In an equally brief statement to the media yesterday, Top Glove said it had decided to give itself more time to pursue the listing on Hong Kong Stock Exchange (HKEX) due to “the changing developments in the industry and current equity market conditions”.
“We are not in a hurry. Our decision is always for the long-term benefit of the company and our stakeholders,” it added.
On Dec 8 last year, Top Glove said it expected the proposed listing on HKEX to be completed in the first quarter of 2022.
- Bernama
