– A + A KUALA LUMPUR (April 22): Top Glove Corp Bhd has downsized its Hong Kong initial public offering (IPO) to raise RM4.17 billion, down from the RM7.7 billion initially.

In a bourse filing, Top Glove explained that the decision on raising less money in Hong Kong came after the glove maker took into account “the best interest of the existing shareholders of the company by minimising dilution to existing shareholders’ respective shareholding”.…

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