PETALING JAYA: With some RM160bil worth of rail contracts up for grabs starting 2013, Gamuda Bhd
group managing director Datuk Lin Yun Ling is likely to renew his management contract for another five years once it expires by June-2013, said sources close to the company.
The most obvious signal of Lin's intention to stay appears to be the doubling of his shareholding from some 34 million shares to 67.63 million in a matter of two weeks. This means that Lin has effectively increased his stake from 1.7% to 3.25%.
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