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Article: AMDB set to become a focused entity

Article from:
New Straits Times
Article date:
September 3, 2009
Author:
Copyright

Azlan Abu Bakar
New Straits Times
09-03-2009
AMDB set to become a focused entity
Byline: Azlan Abu Bakar
Edition: Main/Lifestyle
Section: Business Times
Type: Company

DIVERSIFIED AMDB Bhd expects to complete its transformation into a focused entity specialising in property, engineering and infrastructure operations before the end of the month.

Its chief executive officer Ben Lee Keen Pong said upon completion, the group will emerge as a financially stronger entity with a cleaner balance sheet, larger asset base and increased earnings visibility.
"We are close to finalise the divestment of non-core assets - namely the Seri Melayu Restaurant operations, Harper Travel and Tours as well as our ...

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