Kumpulan Fima has much to do

Kumpulan Fima Bhd may have set itself free from the clutches of the distressed companies category on the Kuala Lumpur Stock Exchange, but clearly, it has a lot more to do before investors begin to look at is as an investment opportunity. 

The company, following the merger of its wholly-owned Fima Securities Sdn Bhd with M&A Securities Sdn Bhd – a unit of Insas Bhd – has moved out of the PN4 classification. The merger of the two securities companies has left Kumpulan Fima with a cash pile amounting to RM45 million, used to repay the Inland Revenue Board some RM36.38 million.