Top Glove eyes new expansions with Hong Kong listing
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KUALA LUMPUR Top Glove Corp. has filed an application to the Securities Commission of Malaysia concerning a proposed listing in Hong Kong.
The proposed listing will support the company s business growth, geographic expansion and strategic investment plans, the gloves maker said March 3.
Under the proposed dual primary listing on the Stock Exchange of Hong Kong (HKEX), Top Glove would undertake a global offering reportedly valued at $1.9 billion of its shares.
Top Glove will maintain its primary listing on the Bursa Securities Malaysia and its secondary listing on the Singapore Exchange Securities Trading Ltd.
Tax Measures Impacting Businesses in Malaysia for 2021
Tax Measures Impacting Businesses in Malaysia for 2021 February 22, 2021 Posted by ASEAN Briefing Written by Ayman Falak Medina Reading Time: 5 minutes
Malaysia’s government has issued several tax measures in its national budget that will impact businesses in 2021.
These tax measures are related to the extension of incentives introduced last year to mitigate the economic impact caused by the pandemic.
Malaysia’s government issued a variety of tax measures in its latest national budget that will impact businesses in 2021.
More than 322 billion ringgit (US$79.6 billion) has been allocated for Budget 2021, or 20 percent of GDP, the largest allocation in Malaysia’s history. The tax measures in the budget relate to the extension of incentives, such as tax holidays provided in the stimulus packages introduced throughout 2020 – namely the 2020 Economic Stimulus
2021/02/08 11:30 KUALA LUMPUR, MALAYSIA - Media
OutReach - 8 February 2021 - Accelerating its digital agenda, Kenanga
Investment Bank Berhad via its wholly-owned
private equity arm, Kenanga Private Equity Sdn Bhd, today entered
into a conditional agreement to acquire 19.0% equity interest in Tokenize
Technology (M) Sdn Bhd (Tokenize Malaysia).
Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad Operating under the brand, Tokenize Xchange, it is one of the three licensed
Digital Asset Exchanges (DAX) by the Securities Commission of Malaysia (SC),
and is currently the second largest DAX in the country by traded market
share. Tokenize Xchange is an online exchange that allows trading of
Kenanga Investment Bank Berhad, a leading financial company in Malaysia, has dipped its toes into crypto through a new investment. The bank unveiled this news through a news release on February 8, noting that it made this investment through its fully-owned private equity arm dubbed Kenanga Private Equity Sdn Bhd. Reportedly, this deal saw the […]
SE Asia Digest: Kenanga unit buys ValueCap biz; Goldbell in deal talks with BlueSG
The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia.
February 2, 2021
Malaysia’s Kenanga Investment Bank has acquired i-VCAP Management while Singapore’s transport and engineering group Goldbell is reportedly in talks to acquire an electric car-sharing outfit BlueSG.
Kenanga Investment Bank acquires ValueCap’s ETF business
Malaysia’s Kenanga Investment Bank on Tuesday announced its acquisition of i-VCAP Management following approval by the Securities Commission of Malaysia.
The deal was conducted via its fully-owned subsidiary Kenanga Investors.
i-VCAP is a Shariah-compliant investment management services provider focused on Islamic exchange-traded funds (ETFs). It is a wholly-owned subsidiary of ValueCap, which in turn is equally-owned by sovereign fund Khazanah Nasional Bhd, state-linked investment fund Permodalan Nasional Bhd (PNB) and retirement fund