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Companies

Malaysia's Top Glove applies to list in Hong Kong

Glove maker confident demand will remain strong even after pandemic

After explosive growth in orders in 2020, Malaysia's Top Glove is looking to raise money for further expansion in a Hong Kong share listing.   © Reuters

KUALA LUMPUR -- Malaysia's biggest rubber glove maker has applied to list on the Hong Kong Stock Exchange despite signs that the rollout of COVID-19 vaccines may temper investor appetite for medical glove stocks.

Hong Kong would be the third market to host the company's shares and an additional primary listing would give it the chance to raise more money on one of Asia's most liquid stock exchanges. Top Glove also has a primary listing in Malaysia and those shares were also listed in a secondary offering in Singapore.

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