TAN Sri Quek Leng Chan's investment in TH Heavy Engineering Bhd (THHE) is the second recent example of a tycoon paving the way for his heir apparent to get a taste of the real business world.
Last week, Quek, via GuoLine Capital Ltd (GCL), bought 10% or 92.79 million shares in THHE via a private placement for RM41.8mil. Part of that was directly through his youngest son Quek Kon Sean, who will subscribe to 27.8 million shares. GCL is a unit of Quek's flagship Hong Leong Co (M) Bhd.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
