Top Glove issues sukuk to expand production lines, repay borrowings

Top Glove issues sukuk to expand production lines, repay borrowings

The Malaysian Reserve-News·2020-01-24 11:55

TOP Glove Corp Bhd is raising fresh cash in the form of a sukuk to fund its capacity expansion that will keep the rubber glove maker as the largest in the world.

Its wholly-owned subsidiary TG Excellence Bhd has lodged a perpetual sukuk programme to raise as much as RM3 billion, Top Glove stated in a release yesterday, just as there is a health scare across Asia.

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