A pattern of turbulence

Why does Larry Tey invest in companies that diversify and then hit instability?

A STRANGE thing happened at Ire-Tex Corp Bhd on Monday, when it had an annual general meeting (AGM) in Penang. The manufacturer of packaging materials surprisingly announced that co-founder and group managing director Datuk Donald Yap Tatt Keat had stepped down. Ire-Tex said he had retired by rotation at the AGM and had not sought re-election.