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Revisions

Top Glove plunges 70 cents on alleged $240 mil overstatement of Aspion acquisition

PC Lee Published on Tue, Jul 10, 2018 / 8:02 AM GMT+8

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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 much as RM714.9 million ($240 million).

Top Glove acquires surgical glove producer Aspion for $434 mil

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

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