KUALA LUMPUR (Nikkei Markets) - Malaysia's Top Glove Corp plans to acquire two plants for a total 39 million ringgit ($9.06 million) in a deal that analysts said will give the world's largest rubber glove producer greater access to China.
While the company didn't provide operational details, analysts including UOB Kay Hian's Lester Chin and Kenanga Investment Bank's Raymond Choo said the factories could together crank out up to two billion glove pieces a year. About half of sales from those two factories go to China, Chin and Choo noted.
