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Top Glove gets go-ahead to acquire Aspion for RM1.37 bil

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Top Glove gets go-ahead to acquire Aspion for RM1.37 bil

Samantha Chiew Published on Thu, Mar 08, 2018 / 3:00 PM GMT+8

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SINGAPORE (Mar 8): Top Glove's position as the largest manufacturer of gloves should be safe for now after the company received unanimous consent from its shareholders to proceed with the proposed acquisition of Aspion.

In Jan, the group entered into a share purchase agreement (SPA) with Adventa Capital for the acquisition of Aspion, the surgical glove producer, for RM1.37 billion ($434 million).

See: Top Glove acquires surgical glove producer Aspion for $434 mil

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