StarBiz on Wednesday quoted Top Glove executive chairman Tan Sri Lim Wee Chai(filepic) as saying that the company would unveil a RM1bil acquisition within this month..
PETALING JAYA: While Top Glove Corp Bhd
’s plan to spend about RM1bil to expand via acquisition has stirred up market interest, most analysts are less enthusiastic on the announcement until more details are unveiled.
CIMB Research, for one, said it remained “neutral” on news about Top Glove potentially sealing a major merger and acquisition (M&A) deal soon.
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