KUALA LUMPUR, July 13 – Top Glove Corporation Berhad's plunging profits, by more than 99 per cent, could affect Malaysia’s position as the dominant global rubber glove.
For a moment, Tan Sri Dr Lim Wee Chai’s ascent looked unstoppable. His Top Glove Corp Bhd grew bigger than Malaysia’s banks, telecommunications firms and even the state-owned electricity company during the Covid-19 pandemic. Its share price soared 450% through the first seven months of 2020, leaving high-flyers like Moderna Inc, Zoom Video Communications Inc, Peloton Interactive Inc and Carvana Co in the dust and making Lim a billionaire several times over.
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Michael Wu of Chang Tsi & Partners explains why Chinese enterprises dealing with SEP litigation should respond actively to ensure the issue is litigated before the Chinese courts