Hap Seng eyes new assets amid slowdown

KUALA LUMPUR: Hap Seng Consolidated Bhd, a diversified group with businesses in property, palm oil and building materials, is taking advantage of the slowdown in the economy to hunt for new assets.

Managing director Datuk Edward Lee Ming Foo said the group is open for merger and acquisition (M&A) deals and is looking to purchase more land for its property development projects.