But as the chairman of the biggest maker of rubber gloves, the erosion of Lim’s fortune is shaping up to be as dramatic as its rise. And unlike US or European tech founders and crypto traders, Top Glove’s rapid fall could deal a blow to Malaysia, which produces 65 per cent of the world’s supply of gloves.
While the nation’s shipments of rubber items surged 50 per cent to almost US$14 billion last year, Chinese competitors have been ramping up production, making the reversal even more severe.
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