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Broker's Calls
Top Glove downgraded by Maybank as acquisition hits a snag
SINGAPORE (July 11): Maybank Kim Eng is downgrading Top Glove to “hold” from “buy” given the uncertainties surrounding its Aspion acquisition.
July 11, 2018
Top Glove plunges 70 cents on alleged $240 mil overstatement of Aspion acquisition
SINGAPORE (July 10): Shares in Malaysia-based Top Glove Corporation plunged 70 cents or 17% to $3.40 on Monday in Singapore after announcing its acquisition price of surgical glovemaker Aspion from Adventa Capital in April could have been overstated by as
July 10, 2018
Broker's Calls
Top Glove kept at 'buy' as it rides on solid global demand growth
SINGAPORE (June 22): Maybank Kim Eng is maintaining its “buy” recommendation on Top Glove, the world’s largest glove manufacturer, with a target price of RM12.90 ($4.40).
June 22, 2018
M&A
Top Glove gets go-ahead to acquire Aspion for RM1.37 bil
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.
March 08, 2018
M&A
Top Glove acquires surgical glove producer Aspion for $434 mil
SINGAPORE (Jan 12): Top Glove Corporation is acquiring one of the largest surgical glove producers globally, Aspion, for RM1.37 billion ($434 million) from Adventa Capital.
January 12, 2018
Malaysia
Top Glove said to be acquiring Adventa's surgical glove operations
SINGAPORE (Oct 24): Top Glove, the manufacturer of gloves, is said to be acquiring the surgical glove operations of Adventa, says industry sources.
October 24, 2017