Top Glove s $1 billion Hong Kong listing delayed amid U.S. ban imbroglio - sources
By Scott Murdoch, Liz Lee and Anshuman Daga
Reuters
HONG KONG (Reuters) - Top Glove Corporation s plan to list in Hong Kong to raise up to $1 billion has been delayed as the world s largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said.
The Malaysian firm, which is already listed in Kuala Lumpur and Singapore, flagged in late April it would sell 793.5 million shares in the listing, half what the company proposed in its application to the Hong Kong Stock Exchange in February.
Top Glove s $1 billion HK listing stalls, in latest blow from U.S. import ban -sources
By Scott Murdoch, Liz Lee and Anshuman Daga
Reuters
HONG KONG (Reuters) -Top Glove Corporation s plan to list in Hong Kong and raise up to $1 billion has been delayed as the world s largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said.
The delay is another setback to the Malaysian company from a ban on imports on its products imposed in July by the U.S. Customs and Border Protection (CBP) citing forced labour practices. That ban has taken the shine off Top Glove, which otherwise posted a record profit in its latest quarter due to booming demand driven by the COVID-19 pandemic.
By Scott Murdoch, Liz Lee and Anshuman Daga HONG KONG (Reuters) - Top Glove Corporation's plan to list in Hong Kong to raise up to $1 billion has been.
Morgan Stanley is
buying stakes put up for sale by its partner in their China
securities and mutual funds joint ventures for about $150
million, according to a statement by the partner, moving. | May 30, 2021
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