In an interesting set of affairs, the biggest manufacturer of rubber gloves globally, Top Glove has decided to raise over $1 billion through a listing in Hong Kong. The company is in talks with its advisors and chalking out a way to chicken out potential shares in the market of Hong Kong.
Notably, the shares of Top Glove are trading in Singapore and Kuala Lumpur. If everything goes well, then the company would set a record to become the first Malaysian firm to draw that amount of funds through listings in Hong Kong.
The process of deliberations is going. It will set a precedence of the size of shares based on the feedbacks of investors.