Quiet restructuring, aggressive results


  • Business
  • Saturday, 11 Jan 2003

MOST expected Abdul Rahman Ahmad and Shahril Ridza Ridzuan to rescue Malaysian Resources Corp Bhd from the clutches of insolvency. They just did not realise it would be done so quietly, yet aggressively. 

And in an environment where debt-afflicted companies dragged their feet to shed assets, it can be forgiven when Rahman, MRCB's chief executive officer and Shahril, executive director, seem boastful that in 15 months, MRCB has raised RM1.8 billion cash via major asset disposals, hence slashing total group debts by half. 

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