Malaysian glove maker Top Glove Corp has slashed the amount it aims to raise from its planned Hong Kong listing for a second time to HKD3.68 billion ($473 million), less than a quarter of its initial target, it said in a resubmitted listing application.
Global stocks eased from record peaks as corporate earnings reports served as a stark reminder of current supply chain challenges, while investors also looked to upcoming central bank meetings to gauge whether policy tightening could come earlier.
Malaysian glove maker Top Glove Corp has slashed the amount it aims to raise from its planned Hong Kong listing to HKD3.68 billion ($473 million), less than a quarter of its initial target, it said in a resubmitted listing application.
Global shares tracked sideways near record highs on Thursday, with the European Central Bank making no change to monetary policy, leaving investors to scrutinise U.S. growth figures ahead of Wall Street's open for direction.
Malaysian glove maker HARPS Holdings Bhd has decided not to proceed with its proposed initial public offering due to unfavourable market conditions, it said in a statement on Thursday.