Established in 1987, Supermax Corporation Berhad manufactures, distributes, and sells natural rubber and nitrile gloves. The company started off trading and distributing natural rubber gloves and subsequently ventured into glove manufacturing and contact lens manufacturing in 1989 and 2014 respectively. It currently owns 12 glove factories and exports gloves to over 165 countries.
I came across an article that discusses how the founder, Dato’ Seri Stanley, his wife, Datin Seri Cheryl Tan Bee Geok, and his sister-in-law, Tan Bee Hong, were found guilty of insider trading in 2018 and are appealing their sentences. The couple was also disqualified from the board. I was curious about the performance of the company without its founder at the helm, and I decided to attend its annual meeting to find out more.
Here are seven things I learned from the 2019 Supermax AGM:
1. Revenue improved 17.9% year-on-year from RM1.3 billion in 2018 to
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