Top Glove may cut stake in Indonesia plantation

Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by volume, may pare down its stake in its Sumatran rubber plantation and seek out local partners as Indonesia mulls tough new laws to curb foreign ownership of plantations.

Acquired in 2012, Top Glove now wants to reduce its interest in the greenfield rubber estate, which has not performed to expectations, says founder and chairman Tan Sri Lim Wee Chai.