Deliberations are ongoing and details of the offering including size could increase depending on investor feedback, the people said. A representative for Top Glove declined to comment ahead of an official announcement.
Top Glove Corp., the world’s biggest rubber glove maker, is considering raising more than US$1 billion ($1.35 billion) from a listing in Hong Kong, according to people with knowledge of the matter.
Top Glove, whose shares are traded in Kuala Lumpur and Singapore, is working with advisers on the potential share sale in Hong Kong, said the people, who asked not to be named as the information is private. At US$1 billion, Top Glove’s listing would be the biggest ever by a Malaysian company in Hong Kong, according to data compiled by Bloomberg.
