Johor Corp restructuringJOHOR Corp Bhd is said to be in the midst of a full-scale restructuring. Just this week JCorp increased its stake in Damansara Holdings Bhd after buying a 49.57% stake in the company for RM78.91mil. Reversing a boomTHE suspense of Top Glove Corp Bhd ’s financial results was not like what it was before when investors were wondering what the impact of the start of the pandemic was on the rubber glove industry. This time, investors were greeted with a more realistic set of financial results after understanding the shutdowns and the tapering prices of rubber gloves have had on the entire rubber glove industry. Top Glove HQInvestors have known about the decline in average selling prices of rubber gloves and that was to be expected.

Source: The Star September 17, 2021 23:48 UTC