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Top Glove trims exchange price on 2% exchangeable bonds due 2024
By Marisa Wong
Los Angeles, Dec. 31 – Top Glove Labuan Ltd. announced it lowered the exchange price for its $200 million 2% guaranteed exchangeable bonds due 2024 to RM 6.10 per share from RM 6.2040 per share.
The change is due to a final dividend of RM 0.04 per share paid on Dec. 23 and takes into account an adjustment carried forward from an interim dividend of RM 0.035 per share paid on July 16.
The new exchange price is effective from Sept. 26.
The bonds are guaranteed by Top Glove Corp. Bhd.
Top Glove is a Kuala Lumpur-based glove manufacturer.
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