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gloveharicut

Author: gloveharicut   |   Latest post: Fri, 16 Apr 2021, 11:29 AM

 

EPF & TOPGLOV Boss up stakes as vaccine news batters glove shares

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https://www.theedgemarkets.com/article/epf-lim-wee-chai-top-glove-stakes-vaccine-news-batters-glove-shares

EPF, Lim Wee Chai up Top Glove stakes as vaccine news batters glove shares

 
EPF, Lim Wee Chai up Top Glove stakes as vaccine news batters glove shares
 

KUALA LUMPUR (Feb 25): Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai and the Employees Provident Fund (EPF) have raised their equity stakes in the rubber glove manufacturer, which had in recent days bought back more shares in the company as news on global Covid-19 vaccination schemes battered glove manufacturers' share prices.

According to Top Glove's Bursa Malaysia filings yesterday (Feb 24), Lim raised his direct shareholding in the company to 26.368%, comprising 2.11 billion shares, after he acquired 3.77 million shares yesterday at RM5.28922 each.

He also has an indirect stake of 8.651% in Top Glove, comprising 692.19 million shares, according to the company.

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