Scaling new heights: Eng Ho (left) and Loo at the briefing. The chairman says he wants to transform Fututech into a premium contractor with focus on the captive market for high rise projects.
KUALA LUMPUR: Fututech Bhd’s construction order book will balloon to about RM2.86bil after the completion of a corporate exercise involving the injection of two privately-held companies owned by the company’s top officials.
The exercise involves Fututech executive chairman Datuk Tee Eng Ho and two executive directors Datin Toh Siew Chuon and Tee Eng Seng selling all their stakes in two construction-based companies for RM458mil in cash and shares.
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