KUMPULAN Emas Bhd's (KEB) intention to list its 51% subsidiary Salcon Engineering Bhd on the KLSE main board this year will finally come true following the recent speedy approval obtained from the Securities Commission (SC).
KEB group managing director Dr Patrick Teoh said: We had started grooming Salcon for a KLSE listing since 1997 but at that time it only qualified for the second board. However, due to the Asian financial crisis and the country's economic slowdown, we had to put on hold the listing plan till the right time and opportunity strikes.