Ekovest's Lim is said to consider sale of toll roads for RM5bil

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Malaysian tycoon Tan Sri Lim Kang Hoo is exploring selling his toll road business in a deal that could value the assets at as much as RM5bil (US$1.1bil), according to people with knowledge of the matter.

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The stock has fallen 19% this year, giving it a market value of 1.2 billion ringgit.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Duta-Ulu Klang Expressway /Business/Business News Ekovest Toll Lim Kang Hoo Kesturi Duke Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:32:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23460293

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 47 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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