Kossan Rubber founder's brother passes away

Kossan Rubber founder's brother passes away
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KUALA LUMPUR (May 12): Glove manufacturer Kossan Rubber Industries Bhd said its managing director Tan Sri Lim Kuang Sia's brother Lim Kuan Hwa has passed away.

"The third brother, Lim Kuan Hwa, passed away on Sunday, May 9," the group said in a WhatsApp message to The Edge.

He was not on the board of Kossan, the group said.

“The family appreciates the concern and would like to be given space and privacy in these trying times as they mourn the loss of a loved one,” it added.

Kossan also clarified that its founder Kuang Sia, who is also the group's managing director and chief executive officer, is well.  

There was some confusion earlier after a Facebook posting had wrongly stated that the Kossan founder had passed away.

Kossan's share price closed nine sen or 2.17% higher at RM4.24 today, valuing the group at RM10.82 billion.

S Kanagaraju