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Wednesday, January 24, 2018

Strong ringgit boon to Top Glove

CORPORATE NEWS
Wednesday, 24 Jan 2018

Top Glove chairman Tan Sri Lim Wee Chai said the company would continue to look for opportunities to grow its business organically and inorganically via production lines expansion, as well as acquisition

KUALA LUMPUR: The strong ringgit is a boon to Top Glove Corp Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png as it serves as a natural hedging and allows the company to proceed with its plans to further expand its production lines, as well as to go for merger and acquisitions (M&As).

Top Glove chairman Tan Sri Lim Wee Chai said the company would continue to look for opportunities to grow its business organically and inorganically via production lines expansion, as well as acquisition.

“We will build two factories and acquire two companies,” he said.

Top Glove aims to acquire between six and seven more companies, Lim said, adding that the M&As were necessary as they would bring in some value to the company. — Bernama

Read more at https://www.thestar.com.my/business/business-news/2018/01/24/strong-ringgit-boon-to-top-glove/#pWE6t7TMiLhLjuGQ.99

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