PETALING JAYA: Top Glove Corp Bhd
is poised to continue with its share buyback activity as its cash pile has swelled to more than RM3bil.
“We are in a net cash position of RM3.4bil. Our high cash generation enables us to fund the capital expenditure internally but also for strategic expansion, ” its executive director Lim Cheong Guan (pic) said at a press briefing yesterday.
The company, which has been actively buying back its shares in recent times, also indicated that in its view its share price at the current level is still considered cheap.
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