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Top Glove launches 5 mil shares placement at $1.71 each

PC Lee Published on Fri, Jun 23, 2017 / 7:18 PM GMT+8

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SINGAPORE (June 23): Top Glove Corporation has launched the placement of 5 million existing shares, subject to top-up option, at $1.71 each.

The vendor of the shares is Tong Siew Bee, an executive director of the company.

The shares are being placed out to fulfil in part the undertaking in connection with the company's secondary listing on the Singapore Exchange, to facilitate trading liquidity of the shares in Singapore by investors.

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Top Glove launches 5 mil shares placement at $1.71 each