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KUALA LUMPUR: Top Glove Corporation Bhd
is evaluating a dual primary listing on the Hong Kong Stock Exchange to allow it to have a larger, alternative fundraising platform to support its future growth strategy.
In its statement to Bursa Malaysia on Monday, the world’s largest glove maker said the proposal is still in a preliminary stage and the structure of the list has not been finalized.
“The proposed listing on HKEX, if carried out, will allow Top Glove to be present on a larger, more active and liquid stock exchange, expand and diversify its investor base and also provide an alternative fundraising platform and larger to support the future growth of the strategic company, ”it said.
Top Glove said that more details regarding the proposal will be available in due course as long as the board finalizes the plan and approves the HKEX Llisting.
He also said that the proposal would be subject to the approval of all relevant authorities in Malaysia, Singapore, Hong Kong and other applicable jurisdictions, as well as approval by the company’s shareholders.
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