SINGAPORE: The collective wealth of tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion from US$80.5 billion last year despite a dip in the stock market, according to Forbes Asia. (US$1=RM4.61)
Berjaya Corp Bhd's founder and major shareholder Tan Sri Vincent Tan Chee Yioun intends to pare his stake to 19.6% from 26%, paving the way for the diversified group's potential acquisition of a 51% stake in a financial services company.
Guoco Group is a deeply undervalued Asian conglomerate listed in Hong Kong that trades at a historical low 0.34x price to book. Read to learn more about GULRF here.
Malaysia’s second richest man, Tan Sri Quek Leng Chan, has emerged as a substantial unitholder in AME Real Estate Investment Trust (REIT) after acquiring 29.1 million shares in the REIT over two days. This was after AME REIT, the REIT arm of industrial property developer AME Elite Consortium Bhd had made its debut on Bursa Malaysia on Tuesday.