PETALING JAYA: A local party is understood to be interested in taking over Tan Sri Khoo Kay Peng’s stake in Malayan United Industries Bhd
(MUI), an asset-rich company with businesses in real estate, hotels, retail, financial services as well as food and confectionery.
“A strong local personality is keen on the takeover and has hired financial advisory firms to approach Khoo, who has been out of the public limelight for several years now,” said a source.
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