Top Glove mulls HK listing; Maybank Kim Eng expects firm's ESG risks to ease

Glove maker is already listed in Singapore and Malaysia; reports say it might raise more than US$1 billion from proposed listing on HKEX

Uma Devi

Published Mon, Oct 12, 2020 · 09:50 PM

top glove

Singapore

MALAYSIAN glove maker Top Glove is evaluating a dual primary listing in Hong Kong, it said on Monday, with earlier reports saying that the Malaysian glove maker could raise more than a billion from this listing.

The world's largest glove manufacturer is already listed in Singapore and Malaysia. Bloomberg earlier reported that the glove maker might raise more than US$1 billion from its listing in Hong Kong.

Top Glove said the proposed listing on Hong Kong Exchanges and Clearing (HKEX), if undertaken and approved, will enable the company "to be present in a larger, more active and liquid stock exchange".

It will also enlarge and diversify its investor base as well as provide an alternate and large fu…