This is a private investment, separate from the Top Glove Group.
KUALA LUMPUR: Tan Sri Lim Wee Chai, founder and executive chairman of the world’s largest rubber glove producer Top Glove Corp., has emerged as a minority shareholder in Malaysian private education group Minda Global Bhd
. The shares of Minda Global soared. This is a private investment, separate from the Top Glove Group,” Lim said by email. I have always been passionate about education as it is instrumental in enabling people, organizations and nations to advance.”
Minda didn’t respond to requests for comment on the transaction. Its shares surged as much as 58% to 19 sen on Tuesday, the highest since March 2018. Trading volume of 679 million shares is more than 20 times the 20-day average for this time of day and the stock is the most-traded security by volume on the bourse.
KUALA LUMPUR (April 13): Tan Sri Dr Lim Wee Chai, founder and executive chairman of the world’s largest rubber glove producer Top Glove Corp Bhd, has emerged as a minority shareholder in Malaysian private education group Minda Global Bhd. The shares of Minda Global soared.
“This is a private investment, separate from the Top Glove Group,” Lim said by email. “I have always been passionate about education as it is instrumental in enabling people, organizations and nations to advance.”
Minda didn’t respond to requests for comment on the transaction. Its shares surged as much as 58% to 19 sen on Tuesday, the highest since March 2018. Its trading volume of 679 million shares is more than 20 times the 20-day average for this time of day and the stock is the most-traded security by volume on the bourse.