Acquisition gone sour led to Supermax downfall

Rubber glove maker Supermax Corp Bhd was a victim of its own success. That is the assessment of group managing director Datuk Seri Stanley Thai, who believes that the company’s fine stock market run several years ago eventually led it to an acquisition gone sour.

At the same time, he acknowledges that the buck stops with him. “Whatever mistakes I have made in my business ventures, I hope others will not repeat; the mistakes can be costly and sometimes ‘deadly’,” he says.