(Jun 1): Top Glove Corporation's plan to list in Hong Kong to raise up to $1 billion has been delayed as the world's largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said.
The Malaysian firm, which is already listed in Kuala Lumpur and Singapore, flagged in late April it would sell 793.5 million shares in the listing, half what the company proposed in its application to the Hong Kong Stock Exchange in February.
However, the deal has stalled as the company awaits indications from U.S. Customs and Border Protection (CBP) on whether an imports ban would be lifted any time soon, the sources said.
Top Glove did not respond to a request for comment. The sources could not be named as the information was not yet made public. 01/06/2021 1:32 PM X Last hope for glove counter also demolished by the news of hk ipo ! Afternoon waterfall !
This is one of the trickiest stock to meddle with. You thought 9k cases they gonna pump? New batch of retailers trapped at 2.78. Don't think they will ever let you escape.
Adventa has being puzzling me for a long time how it can hold its price even though I had sold all her shares. Mr Market is really behaving very erratically.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ooi8888
1,650 posts
Posted by ooi8888 > 2021-05-29 22:31 | Report Abuse
they want to make you scare loh, so you'll sell your shares to them cheap loh. They want to buy low sell high. You buy high sell low loh.