Rapid Synergy attracted to HLCap strong management

PETALING JAYA: Rapid Synergy Bhd believes in the strong management of Hong Leong Capital Bhd (HLCap), led by Tan Sri Quek Leng Chan, and said this was one of the key reasons for seeing HLCap as a suitable quotable investment, despite the company not being in compliance with the public shareholding spread.

Last week, Rapid Synergy, a semiconductor firm, told Bursa Malaysia that it had bought 923,800 shares, or a 0.37% equity interest, in HLCap for RM12.67mil.