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.