In terms of local production, topglov is king in terms of production, hartalega is king in terms of nitrile R&D and production. Topglove has taken steps to solve that with their recent acquisition of Aspion for 1.3 billion, however it has hit a backwall due to production issues. To reduce the debt and gearing, topglove has raised bonds at a very low rate ( 200 million usd bonds at 5 year rates with a 2% FIXED interest) which alleviates the LIBOR floating rates and is half the previous loan rate interests of 4%. On top of that, bondholders hold the right to exchange the bonds for shares at a prevailing price of RM 6.20, which is managements method of protecting share dilution and earnings dilution for the minority shareholders.