AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Pantai purchase gives Lim indirect control of Phileo.
LITTLE-known soap-maker Datuk Lim Tong Yong's RM60 million purchase of a controlling stake in Pantai Holdings Bhd has given him indirect control of Phileo Allied Bhd's RM1.2 billion cash hoard and an indirect stake in Kamunting Corp Bhd.
Businessman Datuk Mokhzani Mahathir's exit from the corporate world has seen Lim, a founder of soap-maker Paos Holdings Bhd, emerging with a collective 28.2 per cent stake in Avenue Assets Bhd which owns 18.5 per cent of Phileo.
It appears to have also helped Mokhzani get around the Securities Commission's (SC) controversial restriction in February on Avenue Assets' ability to sell its stake in Phileo.
Lim, 51, is …
-
- Pantai aims to reduce Avenue Assets' debts in six months.
-
Magazine article from: Business Times (Malaysia)
Baharuddin, Zety Fazilah
February 4, 2000
700+ words
-
- PANTAI HOLDGS TO FULLY REALISE INVESTMENTS IN TONGKAH AND AVENUE ASSETS.
-
News wire article from: BERNAMA The Malaysian National News Agency
February 3, 2000
700+ words
-
- SC UPDATES LIST OF SYARIAH-APPROVED SECURITIES.
-
News wire article from: BERNAMA The Malaysian National News Agency
October 26, 2001
700+ words
-
- New life for Nexnews.
-
Magazine article from: Malaysian Business
February 16, 2002
700+ words
-
- Gemtech and three related companies among active counters.
-
Newspaper article from: New Straits Times
Abdullah, Zuraimi
March 13, 2000
700+ words
