Why QL wants to rule the roost in Lay Hong

WHILE there is much anticipation that Lay Hong’s Yap family, who collectively own a controlling stake of 44.2%, would put up a fight to not exit the company, there is still much to learn about QL Resources Bhd’s interest in Lay Hong.

QL emerged in Lay Hong after it acquired a 23.29% stake in the latter for RM11.5mil in 2010 from London Biscuits Bhd. After buying that initial block, QL has been slowly accumulating shares in Lay Hong since March this year, culminating in its stake having been “egged on” to 26.81% at present.