Yup, highlighted this issue but seems there is lack of interest/concern....

Clearly, what TG boss did was appalling and wrong. MSWG in fact did highlight this issue (I felt they should have been much stronger voicing against the lau pan... ). (link :
https://www.mswg.org.my/newsletters/mswg-we...er-2020-english )
Yes, Tropicana had the cash in the bank but as a property company, it's richness is leveraged greatly. Tropicana had cash of over 703 million but it was carrying loans over 3.35 billion. As such, its quarterly financial cost was way above38 million per quarter. With such a week financials, how could the lau pan decided it was okay to get Tropicana to invest in Top Glove?
All in Tropicana spend 98.52 million buying Top Glove shares. Average cost then was 6.879 per share!
At the start of the month, when Top Glove was at 4.75, Tropicana was starring at an investment loss of 30.8 million!!!
Yup... invested 98.52 million but was sitting on a paper loss of over 30.8 million.
Which is not surprising for me to read that, Tropicana decided to bite this deadly bullet and sell 1.895 million shares of Tropicana. (It still has 12.425 million shares of Top Glove

)
tell you what... to make matters worst, I am sure you are aware that the lau pan been buying a lot of his own shares. And thanks to the rally this few days, at 5.57, the lau pan own share purchases of Top Glove is now in the money (paper profit over 2 million). Damn bitter pill for Tropicana shareholders.
Aiyo, we already know tan Sri lwc use Tropicana fund to buy tg shares is wrong lah, but no need keep on emphasizing larh lol, human do make mistake, brah. As long as he can recover that losses the shareholders won't care lol