Streamlining a business practicality

Lim: The streamlining will also make clear the various divisions of the group such as property development, construction, plantation and highway concession. This will also allow the Malaysian public to be able to participate in this corporate exercise.

EARLIER this week, construction and property mogul Tan Sri Lim Kang Hoo set tongues wagging in the local investment scene when he announced his intention to undertake a reorganisation, rationalisation and merger proposals of companies in which he has majority stakes.

The businessman and investor is a majority shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), with Ekovest also owning approximately 62% of PLS Plantation Bhd.