All the while, the value of Lim and his family’s stake in Top Glove slipped: From US$6 billion at its peak in October 2020, to US$4.5 billion four months later, to US$1.6 billion in January.
Then last month came the final blow: A 99 per cent plunge in Top Glove’s profit, enough to put those expansion plans on hold. The results are “almost close to the bottom,” Lim said.
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