KUB sets out blueprint to return to the black.

(From Business Times (Malaysia))

Byline: Zurinna Raja Adam

KUB Malaysia Bhd is implementing a strategic blueprint with five new thrusts, formulated to raise funds, trim losses and to bring the group back to the black.

The main thrust is to dispose of its non-strategic business entities such as food and beverage, property, engineering, construction and manufacturing.

Last month, KUB said it has appointed CIMB as its adviser for the proposed disposal of KUB.com building, located in Jalan Yap Kwan Seng, Kuala Lumpur.

The group has also appointed RHB Sakura Merchant Bankers Bhd as adviser for the disposal of its plantation land and …