Top Glove Corporation Berhad (KLSE:TOPGLOV) is seeking acquisition and is looking to seal a deal by August 2016. The Edge reports that Tan Sri Lim Wee Chai, Chairman of Top Glove said that the company has shortlisted three local companies for an M&A exercise, to be concluded within the company's financial year ending November 30, 2016 (FY16) in the glove-related sector. "This year, we have allocated MYR 100 million to MYR 1 billion for the acquisition exercise and about MYR 200 million in capital expenditure to expand our capacity," Top Glove Chairman, Tan Sri Lim Wee Chai said.
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5-day change | 1st Jan Change | ||
1.22 MYR | +2.52% |
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+2.52% | +35.56% |
07-11 | Top Glove Director Transfers Shares | MT |
06-28 | Top Glove Corporation Bhd. Announces Changes in the Composition of the Board Sustainability Committee | CI |
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+35.56% | 2.09B | |
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-24.21% | 1.6B | |
+13.16% | 1.45B | |
+31.35% | 1.33B | |
+20.36% | 1.28B |
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- Top Glove Actively Seeks Acquisition In Glove-Related Sector In Malaysia By August 2016