Supermax Corporation Berhad (MYX: 7106) started as a trader and exporter of latex gloves in 1987 before venturing into manufacturing in 1989.
In 2020 during the COVID-19 pandemic, strong demand for rubber gloves sent Supermax's share prices on a five-fold jump.
Founder Thai Kim Sim recorded an estimated net worth of $1 billion at the stock high in early June 2020.
[4] On 15 June 2022, the Government Pension Fund of Norway placed Supermax under observation due to "unacceptable risk that the company contributes to serious violations of human rights".
[1] In June 2022, Norway's sovereign wealth fund, Norges Bank Investment Management, put Supermax under observation for two years, citing allegations of unacceptable risk that the company contributes to serious violations of human rights.