Thursday, February 9, 2012
Bakery products manufacturer is adopting a global strategy for its food business as it capitalizes on its strategic collaboration with its major shareholder Koperasi Permodalan Felda Malayasia Bhd. Its MD Datuk Jackson Tan says the company could grow its portfolio to include other basic food products in various countries. A transformation will certainly be a boost for its major shareholders – LTH, the single largest shareholder with a 23.34% stake and Koperasi Permodalan Felda with 13.36% stake.
Tuesday, February 7, 2012
It is likely to inject its two retail assets in Mid Valley City the Mid Valley Megamall and The Gardens shopping mall into a retail real estate and investment trust (REIT) in 2012. An industry source said the company had already engaged a merchant bank to look into the REIT exercise. The two assets have an estimated total asset value of close to RM4bil which makes KrisAssets a strong candidate to sponsor a REIT to unlock the value of its assets for its shareholders.