Yu’s foray into financial services

Khoo

DATUK Dr Yu Kuan Chon’s move to take over Pan Malaysia Holdings Bhd (PMH) is puzzling to most observers. The loss-making company had long fallen off the radar of investors.

But Yu, who is forking out RM77.12mil for a 70% stake in PMH, says he’s in it for the long term and expects to make a decent return on his investment.