MUI on the prowl for more corporate exercises to streamline group

MUI executive chairman Andrew Khoo Boo Yeow says MUI is focused on a rationalisation exercise and is constantly looking to make corporate moves that will further streamline the group.

Malayan United Industries Bhd, better known as MUI group, appears to have started the year with a bang, announcing that its member company has entered into an agreement to sell off its financial services business for some RM90mil cash.

The buyer is a local corporate advisory company involved in bond issuance and corporate finance called NewParadigm Capital Markets Sdn. Bhd.