Top Glove Chairman, Tan Sri Dr Lim Wee Chai has resigned as Non-Independent and Non-Executive Director at Tropicana Corporation Berhad.
He has cited the reason as being of other commitments, Tan Sri Lim currently holds 162,208,937 ordinary shares (direct interest) in the Company. He made headlines back in 2017 when he purchased a 10.24% stake in the property developer paying RM139.6 million at 0.93 sens at that time.
At that time, he said he viewed Tropicana as the right company to invest in as it had proven itself by delivering high-quality and iconic projects to its customers. Tropicana Corp share price is trading at RM1.06 (11/1/22).
Top Glove is embarking on big projects this year with the upcoming listing on the Hong Kong Exchange and its focus on ESG as it gears towards sustaining its number position in glove manufacturing in the world.