Streamlining a business practicality

Lim: The streamlining will also make clear the various divisions of the group such as property development, construction, plantation and highway concession. This will also allow the Malaysian public to be able to participate in this corporate exercise.

EARLIER this week, construction and property mogul Tan Sri Lim Kang Hoo set tongues wagging in the local investment scene when he announced his intention to undertake a reorganisation, rationalisation and merger proposals of companies in which he has majority stakes.

The businessman and investor is a majority shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), with Ekovest also owning approximately 62% of PLS Plantation Bhd.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Serba Dinamik's 1Q net loss narrows to RM80.67mil
YTL, NVIDIA to build AI infrastructure, bring fastest supercomputers to Malaysia by mid-2024
Ringgit closes higher vs greenback ahead of US jobs data
Axis-REIT acquires hypermarket in Temerloh for RM25.75mil
Jati Tinggi's IPO shares oversubscribed
Govt committed to increasing public acceptance of EV- Tengku Zafrul
Westports signs third supplementary privatisation deal with government
FBM KLCI loses ground for fifth straight session
Bank of England to hold its line against rate cut talk
Oil heads for 7th weekly loss as supply surplus, weak China demand weigh on market

Others Also Read