APB undertakes management buyout


PETALING JAYA: Three key executives of APB Resources Bhd have undertaken a management buyout of the loss-making firm, with a promise to “restore profitability”.

Through Strategic A Holdings Sdn Bhd, Ong Kok Wah, Lee Lisa and Chan Fook Wah have collectively emerged as substantial shareholders of APB on Aug 28, with an indirect equity interest of 27.89%.

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