KUALA LUMPUR – Top Glove Corp Bhd has spent RM3.63 million to buy back 576,900 shares at RM6.30 apiece today.
In a filing with Bursa Malaysia, the world's largest rubber glove maker said today's share buyback raised its net outstanding treasury shares to 178.36 million, equivalent to a 2.18% stake.
Today marks the third time that Top Glove has repurchased its own shares in a month.
On December 1, the company spent RM49.93 million to buy back 7.41 million shares at between RM6.69 and RM6.79 per unit, and repurchased 10.35 million shares priced at between RM6.70 and RM6.86 per share the following day.
Prior to that, Top Glove spent RM802.55 million in November and RM354.74 million in September on share buyback exercises.
Top Glove closed 60 sen lower at RM6.30 today. – Bernama, December 14, 2020
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