Lay Hong aims to grow business organically

Higher earnings: (from left) Lay Hong marketing director Yap Chor How, Hoong Chai and executive director (finance) K.T. Ng showing samples of the company

SOMETHING’S brewing at poultry player Lay Hong Bhd. Its share price has shot up by some 66% since March this year.

Notably, a major shareholder of Lay Hong, the giant agri-food player QL Resources Bhd, has been mopping up Lay Hong’s shares since March. QL Resources and its major owners from the Chia family, bought some 1.54 million shares in Lay Hong since February, raising their stake to almost 27% from 24% previously.