Journalist-turned-businessman Tan Sri Clement Hii is no stranger to investing in low-profile, loss-making companies. His entry into Golsta Synergy Bhd last week is the second of such investment since his acquisition of a substantial stake in rubber wood furniture manufacturer SYF Resources Bhd in June 2012.
But while Hii’s emergence as a substantial shareholder in SYF two years ago has not resulted in a major shift in the company’s business direction to date, his buying into Golsta may mean something else.
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