Setback to Yu’s stockbroking dream

By GURMEET KAUR

DATUK Dr Yu Kuan Chon’s failure to secure a controlling stake in Pan Malaysia Holdings Bhd (PM Holdings) has put an end, at least for now, to the businessman’s attempt at getting ownership of a stockbroking business.

Yu had back in late 2014 sought to buy the 69.192% stake in loss-making PM Holdings from Malayan United Industries Bhd, which, in turn, is owned by the once high-flying tycoon Tan Sri Khoo Kay Peng.

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Business , Datuk Dr Yu Kuan Chon , MUI group , Tan Sri Khoo Kay Peng , Hong Leong Capital , Tan Sri Quek Leng Chan

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