Yu’s foray into financial services


Khoo

DATUK Dr Yu Kuan Chon’s move to take over Pan Malaysia Holdings Bhd (PMH) is puzzling to most observers. The loss-making company had long fallen off the radar of investors.

But Yu, who is forking out RM77.12mil for a 70% stake in PMH, says he’s in it for the long term and expects to make a decent return on his investment.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , pan malaysia , yu kuan chon , universal

Next In Business News

The nation’s love affair with skyscrapers
Pushing for more disabled-friendly homes
Pearl of the Orient shines in global supply chain shift
Ringgit expected to trade sideways ahead of key Fed meeting
Price war looming for the glove industry
Oil settles up�7% as Israel, Iran trade air strikes
Give credit to ETFs
Turning point for Scientex as it packs up in Myanmar
The sky’s the limit for TM
Yield chase spurs EM bonds

Others Also Read