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Top Glove plans secondary listing in Singapore

KUALA LUMPUR (NewsRise) -- Malaysia's Top Glove, the world's largest rubber glove maker by volume, is planning a secondary listing on the Singapore Exchange that won't involve issue of fresh shares.

     Instead, the company intends to explore with its major shareholders a possibility of selling shares worth about 20 million Singapore dollars ($14.5 million) in the open market of the SGX to create liquidity, Top Glove said in a filing to the Malaysian stock exchange.

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