PUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.
Public Mutual honours corporations for promoting employee well-being through the Corporate Private Retirement SchemeMalaysian tycoon Tan Sri Lim Kang Hoo is exploring selling his toll road business in a deal that could value the assets at as much as RM5bil , according to people with knowledge of the matter.., is working with a financial adviser on the potential divestment of a majority holding in closely held Konsortium Lebuhraya Utara-Timur Sdn.
Shares of Malaysian investment company Ekovest reversed earlier losses and jumped as much as 10.8%, the biggest intraday gain since January, after the Bloomberg News report. The stock has fallen 19% this year, giving it a market value of 1.2 billion ringgit. Ekovest owns 60% of Kesturi, while the remaining balance is held by the Employees Provident Fund, the state-owned pension fund.
Deliberations are ongoing and Ekovest could still keep the assets, the people said. Representatives for Lim, Ekovest and Kesturi declined to comment. Kesturi owns the concession for the Duta-Ulu Klang Expressway, which has 3 toll roads totalling 56 kilometers, one of the people said. Ekovest has approval from EPF to extend an exit plan for Kesturi to February 2026 and the parties are evaluating various viable options, according to a stock exchange filing. - Bloomberg
Ekovest Lim Kang Hoo Toll Kesturi Duke Duta-Ulu Klang Expressway
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sources: Ekovest’s Lim Kang Hoo mulls Duke concessionaire stake sale in potential billion-ringgit dealKUALA LUMPUR, Nov 7 — Tan Sri Lim Kang Hoo is said to be considering the sale of his toll road business, which could be valued at up to RM5 billion. Sources familiar with the...
Read more »
Lim’s bid to initiate contempt of court proceeding against Machang MP dismissedKUALA LUMPUR: The Sessions Court here today dismissed an application by former Penang Chief Minister Lim Guan Eng to initiate contempt of court procee...
Read more »
Spanish couple assisting with investigations after protests in Singapore against Valencia owner Peter LimCiccone died of cancer at the age of 63 on Oct 4.
Read more »
Deputy Finance Minister Lim Hui Ying on medical leave until Oct 16 following surgeryPUTRAJAYA, Oct 11 — Deputy Finance Minister Lim Hui Ying is on medical leave for nine days, from Oct 8 to Oct 16, after undergoing surgery on Oct 4. In a statement today, her...
Read more »
The learning journey never ends — Lim Ghee Seong, Mohd Azmi Abd Razak and Termizi BakarOCTOBER 13 — In September 2024, we embarked on an unforgettable journey to Mahidol University in Bangkok, Thailand — a trip that would enhance not only our clinical skills but...
Read more »
Spanish couple allowed to leave after protest against Valencia owner Peter LimSINGAPORE, Oct 15 — A Spanish couple prevented earlier this month from leaving Singapore following a protest against Peter Lim, owner of their football team Valencia, have been...
Read more »