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Singapore-listed OSIM International, which Ron Sim founded in 1980 as an appliance and electrical store, popularized home massage chairs. After 22 quarters of rising profits, Osim reported a 28% fall in net profits in the third quarter of last year, causing shares to drop by a third. It was partly weighed down by tea subsidiary TWG, which is embroiled in a legal battle with its original co-founder. Sim, who also owns properties in Singapore and China, listed some of those assets, housing them in Perennial Real Estate Holdings. The Singapore listed company, in which he now has an 18% stake, is reportedly close to buying the 40-story Axa Tower from BlackRock for $870 million.