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Top Glove Bhd ( (TPGVF) ) has shared an update.
Top Glove’s executive chairman, Tan Sri Dr Lim Wee Chai, has increased his indirect interest in the company following the acquisition of 2 million shares by his brother, Lim Hooi Sin, at RM0.595 per share via a pledged securities account. After the transaction, Lim holds approximately 28.64% of Top Glove’s shares directly and about 8.99% indirectly, through interests linked to family members, corporate vehicles and a foundation, underscoring the continued concentration of ownership and control in the hands of the founding shareholder group.
More about Top Glove Bhd
Top Glove Corporation Bhd is a Malaysia-based manufacturer in the rubber and healthcare products industry, best known as the world’s largest producer of rubber gloves. The group supplies examination and surgical gloves and related products to medical, industrial and consumer markets globally, with a strong focus on export-driven growth and large-scale, cost-efficient production.
For a thorough assessment of TPGVF stock, go to TipRanks’ Stock Analysis page.