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Malayan United Industries’ (MUI) Andrew Khoo returned to the group end of last year as CEO after being absent for six years. Andrew is the son to the group’s major shareholder Tan Sri Khoo Kay Peng.
Andrew is back in the group at a time that is very different compared to when he left in 2012. The state of play today for MUI has changed drastically, coupled by fact that the group has been lossmaking for years now, with its latest 12-months results registering a net loss at RM130 million for FY2017.
Andrew shares his plans to turn the group around.
He reveals that the group is looking to be profitable in one to two years time as well. Andrew also shares that MUI is looking to launch new retail and hotel concepts.
We discuss MUI’s business transformation plans for its different business segments.