No injection of hospitality ops into EXSIM Development

PETALING JAYA: EXSIM Development Sdn Bhd says it will continue to focus on property development after the acquisition of 65.9% equity shares in Pan Malaysia Holdings Bhd by EXSIM Hospitality Holdings Sdn Bhd (EHHSB).

EXSIM stresses that EHHSB is an altogether separate entity to itself despite the two companies sharing common shareholders in the Lim brothers, namely Lim Aik Hoe, Lim Aik Kiat and Lim Aik Fu; and that EHHSB’s nature of business is in hospitality management, similar to Pan Malaysia’s.