Top Glove to allocate up to RM2.49b for share buy-back
KUALA LUMPUR (Nov 12): Top Glove Corp Bhd said the maximum amount of funds to be allocated by the rubber glove manufacturer for its proposed renewal of share buy-back authority will be made wholly out of the company’s retained profit which stood at RM2.49 billion as at Aug 31, 2021.
In Top Glove’s share buy-back statement on Friday (Nov 12), managing director Datuk Lee Kim Meow said the renewal of share buy-back authority will be funded by Top Glove’s internally-generated funds and external borrowings.
More to come
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