<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 7): The Employees Provident Fund (EPF) today disposed of another 7.15 million shares in Top Glove Corp Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The retirement fund sold the shares in a single tranche on Dec 2, according to Top Glove’s filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>Following this disposal, the fund is now left with a 5.63% direct interest, comprising 451.65 million shares, in the world’s largest glove manufacturer.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The EPF re-emerged as Top Glove’s substantial shareholder on Sept 21 with a 5.05% stake, The fund raised the stake to 6.64% on Nov 20, before it started trimming its shareholding.</p></div>

<div class=newsTextDataWrapInner><p>Top Glove’s shares closed five sen or 0.75% lower at RM6.60 today, with 29.15 million shares traded. The counter continues to hover below the RM7 level, following the rise in positive cases linked to the company’s workers dormitories in Klang, and the two-week enhanced movement control order extension that affects 28 of its 41 facilities and represents 50% of its production capacity.</p></div>

<div class=newsTextDataWrapInner><p>Still, Top Glove is up by 326% year-to-date. At its current price, Top Glove has a market capitalisation of RM54.1 billion.</p></div>


KUALA LUMPUR (Dec 7): The Employees Provident Fund (EPF) today disposed of another 7.15 million shares in Top Glove Corp Bhd.

The retirement fund sold the shares in a single tranche on Dec 2, according to Top Glove’s filing with Bursa Malaysia today.

EPF disposes of another 7.15m shares in Top Glove, reducing stake to 5.63%

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


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<p>“The cause of the fire and the actual extent of the damage are currently still unknown, pending the completion of police investigations into the fire and issuance of their report,” the group said in a bourse filing.</p>


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