Analyst Research Report Snapshot

Title:

Flash Note – Top Glove (ADD, maintain) - Privatisation of Singapore-listed Medi-Flex

Price:

$12.00

Provider:

Affin Investment Bank

Date:

13 Oct 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

TPGC.KL

Available for Immediate Download
Summary:

Take-over offer for all the remaining 20% stake in Medi-Flex for RM71m In a joint announcement made vide Bursa Malaysia and the Singapore Stock Exchange (SGX-ST), Top Glove (TOPG) announced that the company will privatise its 80%-owned subsidiary Medi-Flex, and subsequently de-list the latter from SGX-ST. Under the privatisation exercise, TOPG will extend an offer of SGD0.15/share to acquire the balance 20.2% stake in Medi-Flex that it does not own.

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