Boustead Holdings Bhd, which is looking to raise as much as RM1.3bil in cash this year from selling new shares and disposing non core assets, plans to use the money to reduce the group’s debts and expand key operations, such as shipyards, property and plantations.
Its group managing director Tan Sri Lodin Wok Kamaruddin said the fund raising exercises “will enable the group to trim down its debt level, and at the same time get fresh funds for new acquisitions”.
“We want to rationalise our operations and focus on key areas;’’ property development, grow its plantation acreage and group’s shipyard operations.
DiGi Telecommunications Sdn Bhd has been named Malaysia’s most admired company for innovation by Wall Street Journal Asia for the third year running .
In a statement, the company said the Asia 200 Most Admired Companies survey also graded DiGi number three in the overall ranking of Malaysia’s Top 10 companies, up a notch from last year.
CEO Johan Dennelind ...For us, innovation is about bringing meaningful differences to our customers by making our mobile and internet services relevant, easy and affordable.” He added the company was passionate about exceeding its customers’ expectations and would continue to push the boundaries in ensuring excellent customer experience.