Syed Mokhtar set to add motor vehicles to stable

WITH the Government in support of Tan Sri Syed Mokhtar Albukhary’s bid for the 15.8% stake in DRB-Hicom Bhd, the business tycoon is now in a position to add the motor vehicle industry to his portfolio of businesses that include power and ports. 

It is learnt that the backing of the Government does not require Syed Mokhtar to break up DRB-HICOM’s existing businesses as earlier assumed, and much of the growth in that business segment will now come from DRB-HICOM’s ongoing plans to enlarge that business.