WHEN Datuk Syed Mohamed Syed Ibrahim walked into Johor Corp (JCorp) as its president and chief executive in 2020, the group was financially stretched, and if things had continued the way they were, it might have reached a breaking point.
Asset rich but cash flow poor, the group was struggling to meet its massive debt obligations. It also didn’t have the ideal management structures and had ventured into too many and varied business segments.
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