Tycoon denies exploiting residents


Lee: ‘That was not picked up by the programme which chose to single out Aveo and Mulpha’s shareholdings in Aveo instead. Perhaps, it is because we are seen as foreign investors?’

PETALING JAYA: Mulpha International Bhd’s 22.6% associate in Australia, the Aveo Group which operates a retirement village, has come under fire but chairman Lee Seng Huang reckons it is a victim of sensationalised and biased reporting.

Lee, whose family controls Mulpha International and Mudajaya Group Bhd, is the non-executive chairman of Aveo Group which is listed on the Australian Stock Exchange (ASX).

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded
Ringgit extends uptrend against greenback in early trade
FBM KLCI rebounds as Wall Street returns to a rally
Trading ideas: PetDag, Atlan, Thong Guan, Maxim, Globetronics, 7-Eleven, Petron, DRB-Hicom, Dayang, MSM, Aeon, SunCon, UEM Sunrise
Oil rises 2% as Russia-Ukraine war escalates
Wall St ends higher as Dow, S&P hit one-week tops
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services

Others Also Read