Is tycoon Khoo divesting his interest in asset-rich Malayan United Industries?

PETALING JAYA: Fresh investor interest in tycoon Tan Sri Khoo Kay Peng’s (pic) Malayan United Industries Bhd (MUI) and its listed subsidiaries has sparked speculation that he could be looking to divest his 47.7% stake in the asset-rich company.

MUI and its 66.5%-owned subsidiary Pan Malaysia Corp Bhd (PM Corp) were two of the top active counters traded on Bursa Malaysia yesterday – breaking out of its mundane trading pattern that the group is known for.