Ekovest major holder to streamline stakes

Tan Sri Lim Kang Hoo.

PETALING JAYA: Tan Sri Lim Kang Hoo, the major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), has proposed to undertake a reorganisation, rationalisation and merger proposal involving the companies.

In separate filings with Bursa Malaysia yesterday, Lim voiced his proposals to streamline, reorganise and merge the businesses and assets currently owned and controlled by himself and persons acting in concert – through the various public listed and non-listed companies – as well as to consolidate his direct shareholdings in the various companies.