Businessman Datuk Lim Kheng Yew is understood to have bought a block of shares in port operator Integrax Bhd.
It is learnt that Lim had acquired 5.6 million shares or 1.87% in Integrax at RM1.50 per share or RM8.4 million. The seller was Utilico Emerging Market which hived off an additional 20 million shares or 6.65% to Perak Corp at RM1.50 as well, and ceased to be a substantial shareholder.
Lim, who is an executive director of KYM Holdings Bhd and controls 32.74% equity in the company, is also on the boards of TSM Global Bhd, where he is the managing director, and Edaran Bhd where he is an independent non-executive director. He is also known to be an associate of former corporate chieftain Tan Sri Tajudin Ramli.
Given his position in KYM, there was some confusion as to whether Lim had acquired the shares in his personal capacity or via KYM.
It is unclear what interest Lim has in Integrax, but his entry could be linked to an on-going tussle at the company.
Meanwhile It is teaming up with the Perak State Development Corporation to build a heavy industrial park in Bagan Datoh.
Lim, who is an executive director of KYM Holdings Bhd and controls 32.74% equity in the company, is also on the boards of TSM Global Bhd, where he is the managing director, and Edaran Bhd where he is an independent non-executive director. He is also known to be an associate of former corporate chieftain Tan Sri Tajudin Ramli.
Given his position in KYM, there was some confusion as to whether Lim had acquired the shares in his personal capacity or via KYM.
It is unclear what interest Lim has in Integrax, but his entry could be linked to an on-going tussle at the company.
Meanwhile It is teaming up with the Perak State Development Corporation to build a heavy industrial park in Bagan Datoh.
The project would involve the reclamation of 3,400 acres and the construction of the infrastructure, including a jetty/jetties, for the project. The project is strategically located near to the proposed development by Vale International SA of a iron ore distribution centre and pellet plant at Teluk Rubiah.
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KYM’s unit KYM Development (Perak) Sdn Bhd and the Perak government would jointly evaluate the feasibility of the project.
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