Article: AMDB shareholders agree to sell some non-core businesses

Azlan Abu Bakar
New Straits Times
05-13-2009
AMDB shareholders agree to sell some non-core businesses
Byline: Azlan Abu Bakar
Edition: Main/Lifestyle
Section: Business Times
Type: Company

AMDB Bhd, a diversified group, passed its first hurdle in efforts to transform into a focused entity specialising in property, engineering and infrastructure operations.

The group gained support from 98 per cent of shareholders yesterday to sell some of its non-core businesses and buy companies related to its core activities.
"It's good news to us. Now we can go ahead with plans that can make the company much stronger," its director Ben Lee Keen Pong said.

It will continue to sell non-core businesses and buy ...

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