Chance for Symphony shareholders to tap Ranhill ops

PETALING JAYA: The reverse takeover (RTO) of Symphony House Bhd by Ranhill Holdings Bhd is expected to provide Symphony shareholders an opportunity to tap the latter’s growing water and power businesses and reap its recurring income stream.

In a circular to shareholders yesterday, Symphony, which is involved in business process outsourcing, said its business, moving forward, would remain challenging due to competition, pricing pressure and possibly a lower number of capital market activities.