Top Glove admits in talks to acquire glove maker but it's not Adventa or Supermax

SINGAPORE (Oct 24): Top Glove confirms it is in negotiations to acquire an unnamed glove manufacturer although the terms and conditions of the acquisition have not been finalised.

However, Top Glove says it has no intention of acquiring Adventa or Supermax Corporation.

Top Glove issued the clarification via an SGX filing around 1pm after The Edge Financial Daily reported this morning that Adventa’s surgical glove operations under the Terang Nusa group, could be a likely acquisition target for Top Glove, according to a source.

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