Top Glove defers HK listing as Ukraine war roils markets

Malaysia's Top Glove Corp Bhd has postponed a plan to raise US$347 million in a Hong Kong listing due to elevated market uncertainty after Russia's invasion of Ukraine, its managing director said on Tuesday, confirming an earlier Reuters report.

The manufacturer, which benefited from the demand for disposable medical gloves during the Covid-19 pandemic, has a primary listing in Kuala Lumpur and secondary in Singapore...