Top Glove acquires Adventa Capital unit for RM1.37b
The acquisition of Aspion Sdn Bhd makes Top Glove one of the world’s largest surgical glove manufacturers, on top of being the largest rubber glove manufacturer globally.
The company said in a statement that RM1.233 billion would be paid in cash while the remainder would be paid with Top Glove shares.
Top Glove will raise US$310 million (RM1.24 billion) via conventional and Islamic financing facilities to help fund the acquisition, the statement added.
Hong Leong Investment Bank was transaction and principal advisor for Top Glove while Credit Suisse was the sole financial advisor for Adventa Capital. — Reuters
Source: The Malay Mail Online