Page 27 - Supermax Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KUALA LUMPUR (Feb 23): Rubber glove manufacturer Supermax Corp Bhd founder Datuk Seri Stanley Thai Kim Sim and his wife Datin Seri Cheryl Tan Bee Geok has acquired a 3,438-square-foot luxury condominium in Sunny Isles Beach within the US state of Florida, The Real Deal reported, citing property records. The Real Deal reported on Feb 16, 2021 that Thai and Tan acquired the condominium known as unit 4800 at the Residences by Armani/Casa, a 56-storey, 308-unit tower at 18975 Collins Avenue. It was reported that the project, which was completed in late 2019, is a joint venture between Related Gr...

These Covid Billionaire Fortunes Are Fading With the Vaccine Rollout Bloomberg 2/24/2021 Yoojung Lee (Bloomberg) -- In the health-care industry, the coronavirus pandemic led to big fortunes, fast. Now some of them are evaporating just as quickly. Take Seegene Inc., a maker of Covid-19 test kits, and Alteogen Inc., a biotech with subcutaneous-injection technology. Their founders became billionaires as the shares surged last year. Fast forward a few months to the vaccine rollout, and they’ve lost their title after both stocks sank more than 41%, according to the Bloomberg Bi...

KUALA LUMPUR (Feb 23): The FBM KLCI Index continued to end lower today following declines in its glove maker constituents, in contrast with other regional bourses trending higher in anticipation of insights from the US Federal Reserve. The local benchmark index closed 0.34% or 5.41 points lower today at 1,565.05, following declines in Hartalega Holdings Bhd, Top Glove Corp Bhd and Supermax Corp Bhd. Hartalega fell by 4.98% or 58 sen to RM11.06, valuing it at RM37.91 billion. Meanwhile, Top Glove was the local bourse’s 19th top value loser, finishing 1.9% or 11 sen lower at RM5.67, yielding ...

Malaysia’s super-rich, hard hit by the market following the outbreak of Covid-19, saw billions being wiped out of their fortunes. On the other hand, entrepreneurs involved in the making of rubber gloves minted more money, while new billionaires emerged from the tech manufacturing sector as shares of their companies soared in 2020. THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector. And if this may offer some consolation amid the plunging values of your retirement a...

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