Top Glove, the world's largest glove manufacturer just did their 2021 EGM (Extraordinary General Meeting) virtual style. This stock was the darling stock during the start of the covid19 pandemic. The stock price has since tapered down towards pre covid19 levels.
The door gift for participation in EGM was RM50 discount coupon for products purchased via Top Glove's ecommerce site TGBuy (www.tgbuy.com). It is said that previous years door gift was a box of disposable gloves and I prefer this discount coupon better.
TGBuy's product catalogs are mostly medical related products like gloves, hand sanitizer, face masks, anti bacterial body wash and liquid soap. The site only ships to Malaysia only, no overseas shipping.
The management of Top Glove solid and seems committed to achieve excellence. There were news that Top Glove was involved in force labor practices by some western media but I believe this seems to be put behind already as Top Glove has since improved a lot on this area for worker welfare. The profitability of the company has also since dropped due to the anticipation that the world is moving out of the covid19 pandemic.
The EGM of Top Glove this time round was to get shareholder approval to do dual listing of Top Glove at HKEX (Stock Exchange of Hong Kong) and subsequently this resolution was approved. This means that Top Glove stocks will also soon be available on the HKEX.
I used the EGM coupon vouchers to purchase a few boxes of face masks.
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