Century Logistics MD to stay on, no plans to sell stake to Koreans


Teow: I am not looking to sell out. I will stay on and continue to lead the company and champion the post-merger exercise.

PETALING JAYA: Century Logistics Holdings Bhd managing director Steven Teow Choo Hing has no plans to sell out of the company despite the emergence of South Korea-based CJ Korea Express Asia Pte Ltd as the single-largest shareholder in the Port Klang-based integrated logistics services firm.

He plans to remain at the helm of Century Logistics, in which he has an 11.1% stake, making him the second-largest shareholder in the company.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , CJ Korea , Century Logistics

   

Next In Business News

Oil prices ease, Russia, Iran tensions check losses
Gold drops nearly 2% on profit-booking, Trump's Treasury secretary pick
Bonds bounce, dollar dips on Bessent pick
Mr DIY Indonesian business plans IPO to raise up to US$297mil
China's NEV market in a league of its own
Singapore Oct core inflation at 2.1% y/y, lowest in almost 3 years
TMK Chemicals aims to raise RM385mil from Main Market IPO
Malaysia's September LI up 1.8%, shows continued economic growth - DoSM
CBH Engineering inks underwriting deal with Mercury Securities
ACE Market-bound Topvision aims to raise RM17.89mil from public offering

Others Also Read