Top Glove Corporation Bhd
KLSE:TOPGLOV
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TOPGLOV's latest stock split occurred on Sep 3, 2020
The company executed a 959692-for-319897 stock split, meaning that for every 319897 shares held, investors received 959692 new shares.
Before the split, TOPGLOV traded at 26.08 per share. Afterward, the share price was about 7.3622.
The adjusted shares began trading on Sep 3, 2020. This was TOPGLOV's 8th stock split, following the previous one in Oct 24, 2018.
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Top Glove Corporation Bhd
Glance View
Nestled in the bustling industrial landscape of Malaysia, Top Glove Corporation Bhd has emerged as a pivotal player in the global healthcare supply chain. Founded in 1991 by Tan Sri Dr. Lim Wee Chai, what began as a modest enterprise with a singular production line has transformed into the world's largest manufacturer of gloves. The company’s remarkable journey is powered by its commitment to innovation, stringent quality control, and a relentless drive to expand its production capacity. With operations spanning several countries, Top Glove’s manufacturing capabilities cater to a variety of glove types, including latex, nitrile, and vinyl, addressing the diverse needs of healthcare professionals across the globe. Top Glove operates on a high-volume, low-margin business model, allowing it to thrive in an industry that demands both reliability and cost-effectiveness. The company generates revenue by selling its products to an extensive network of distributors, healthcare institutions, and retailers worldwide. Its strategic approach to cost management and supply chain efficiency enables Top Glove to maintain competitive pricing while ensuring significant profit margins. By continuously investing in technology upgrades and expanding its production facilities, Top Glove ensures it remains at the forefront of the glove manufacturing sector, adeptly navigating the vicissitudes of global health trends and economic cycles.
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3902
MMI