MUI Bhd to take asset-light strategy with Corus KLCC hotel sale


MUI Bhd chairman and chief executive officer Andrew Khoo Boo Yeow

KUALA LUMPUR: Malayan United Industries Bhd (MUI Bhd) will explore hotel management and other hospitality-related businesses or assets despite having sold Corus Hotel KLCC located along Jalan Ampang here.

At its extraordinary general meeting (EGM) today, shareholders approved the sale of the four-star hotel previously known as Ming Court Hotel to Suria Lagenda Development Sdn Bhd, an indirect subsidiary of Mah Sing Group Bhd, for RM260 million cash.

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