Top Glove said to buy Adventa’s surgical glove operations
KUALA LUMPUR: Top Glove Corp Bhd is said to be acquiring the privately held surgical glove operations of Adventa Bhd, according to two industry sources.
“It is possible that Adventa’s surgical glove operations under the Terang Nusa group, which manufactures and distributes surgical and medical gloves, could be a likely acquisition target for Top Glove which is said to be looking for a surgical glove company,” one source told The Edge Financial Daily.
Adventa’s share price shot up by as much as 20 sen or 27.4% to 93 sen yesterday, before closing at 83.5 sen.
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