Asian casino operator is reportedly instituting the cost-cutting move in the wake of a second coronavirus-related closure of its Resorts World Genting venue.
BW Businessworld
Malaysia s Top Glove Plans To Raise $1.9 Billion Through Hong Kong Listing
The Kuala Lumpur-listed company floated the idea to seek a listing on the Hong Kong stock exchange in September, after its profit soared more than 17-times for the quarter ended August last year.
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Malaysia s Top Glove Corp plans to raise about HK$14.95 billion ($1.93 billion) through a secondary listing in Hong Kong, as the world s top disposable medical glove maker seeks to cash in on strong performance during the pandemic-driven demand boom.
The Kuala Lumpur-listed company floated the idea to seek a listing on the Hong Kong stock exchange in September, after its profit soared more than 17-times for the quarter ended August last year.
Malaysia s Top Glove Corp plans to raise about HK$14.95 billion through a secondary listing in Hong Kong, as the world s top disposable medical glove maker seeks to cash in on strong performance. | March 4, 2021
(Feb 23): Axiata Group Bhd, Malaysia’s biggest wireless carrier by revenue, has postponed talks to sell a partial stake in its tower unit edotco Group Sdn Bhd after a military coup in Myanmar triggered concerns over heightened investment risks, according to people familiar with the matter.
The Kuala Lumpur-listed telecommunication company was in discussions with potential investors to sell a partial stake in a special purpose vehicle that holds its shares in edotco for more than US$500 million, the people said. The deal has stalled as the Myanmar coup, which has triggered weeks of protests and killed two demonstrators, cast a shadow over edotco’s operations in the country, the people said.