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KUALA LUMPUR (Reuters) - Top Glove Corp Bhd said an independent consultant has found there is “no longer” any indication of systemic forced labour at the world’s largest medical glove maker after it took steps to address U.S. allegations of such practices.
FILE PHOTO: General view of a Top Glove factory in Klang, Malaysia December 10, 2020. REUTERS/Lim Huey Teng
The firm announced the findings on Tuesday as it posted a fourth consecutive quarter of record profit - benefiting from soaring demand for its gloves during the COVID-19 pandemic - and revealed it aimed to list shares in Hong Kong in May or June.
Talks of new investors to wait till earliest 2022 Market oversupply, industry consolidation inevitable (Adds quotes, background)
KUALA LUMPUR, March 4 (Reuters) - Malaysian sovereign wealth fund Khazanah Nasional’s holding in Malaysia Airlines has been diluted as a result of debt-to-equity conversions that were part of the airline’s debt restructuring plan, the fund said on Thursday.
Khazanah said there was a “minor dilution” to its equity in the national carrier due to debt-for-equity conversions that some creditors took up, and that the fund remained the largest shareholder.
“(The debt-to-equity conversion) adds more value to the existing equity holders by taking out liability from the balance sheet,” Managing Director Shahril Ridza Ridzuan said at a virtual press briefing, without elaborating.
Shares of U.S. gaming company Roblox Corp were set for a jump of up to 60% in its New York Stock Exchange trading debut on Wednesday, which would value the company at more than $46 billion.
Shares of U.S. gaming company Roblox Corp closed up 54.4% in its New York Stock Exchange trading debut on Wednesday, valuing the company at $45.2 billion.
Shares of U.S. gaming company Roblox Corp closed up 54.4% in its New York Stock Exchange trading debut on Wednesday, valuing the company at $45.2 billion.