Censof has no plan to increase stake in Time Engineering


PETALING JAYA: Censof Holdings Bhd, which has a 45% stake in Time Engineering Bhd (TEB), has no intention of increasing its stake and will be doing a lot more investor relations work to get investors to know TEB.

“We’re happy with the current stake and are not going to increase it. We would do more investor and public relations work. No analyst really covers TEB. We have a lot to do,” corporate services director Patrick Wong said after Censof’s EGM to approve its RM100mil worth of redeemable convertible notes (RCN).

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Business , Censof , Time Engineering

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