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Ex-CEO Azhar returns to MRT Corp as chairman


Datuk Wira Azhar Abdul Hamid (The Edge file photo)
KUALA LUMPUR (May 27): Mass Rapid Transportation Corp Sdn Bhd (MRT Corp) has appointed its former CEO, Datuk Wira Azhar Abdul Hamid, as its new chairman effective May 11.
In a statement today, MRT Corp said Azhar, who is also the former FGV Holdings Bhd’s chairman, has helmed the company previously for three years from 2011 and the appointment marks his return to the organisation he once steered.  
MRT Corp CEO Datuk Mohd Zariff Hashim said Azhar brings with him vast industry experience that will steer MRT Corp into the future.
“As the founding CEO of MRT Corp, Datuk Wira Azhar’s experience and knowledge will be invaluable as the organization moves forward to develop the Johor Baru-Singapore Rapid Transit System Link Project and the exciting MRT 3 Circle Line project, while at the same time complete the MRT Putrajaya Line,” Zariff said. ....

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Cover Story: Will Syed Mokhtar make a counter offer for FGV?


IN mid-October, when Tan Sri Syed Mokhtar Albukhary’s Perspective Lane (M) Sdn Bhd (PLSB) expressed interest in FGV Holdings Bhd, via an injection of plantation assets in exchange for shares, the valuation of FGV was at RM1.50 per share, say sources.
The plan was for PLSB to inject Tradewinds Plantation Bhd into FGV in return for a controlling block of shares in the company, but some sources who were privy to the details of the proposed deal questioned the valuation of Tradewinds. “It [Tradewinds’ valuation] was high, but I’m not sure how the talks went. I know FGV [officials] met up with them [Syed Mokhtar’s executives],” says one of the sources. ....

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