MUI prepares for a new reality post-Covid-19

A company with its core business in the hospitality and retail sectors, MALAYAN UNITED INDUSTRIES BHD (MUI) is going through what could be one of its toughest challenges yet. The asset-rich company, once known as among the top corporate powerhouses in Malaysia, is among those facing the harsh financial repercussions of the Covid-19 pandemic, with…

MUI on the transformation path

MUI Group is now just about halfway into its three-year turnaround plan, but is everything going according to schedule? We ask Executive Chairman Andrew Khoo Boo Yeow about progress, challenges and stepping out of his dad’s shadow. Source: The Edge Markets

Newsbreak: MUI mulls redevelopment of Corus Hotel KL

THE 36-year-old Corus Hotel Kuala Lumpur in Jalan Ampang may be demolished to make way for an integrated development as the owner, Malayan United Industries Bhd (MUI), is considering unlocking the value of the strategically located land. It is mulling the construction of a 55-storey building comprising serviced apartments, co-working space, a hotel and a…

High-grade gold ore discovered in MUI-linked Aussie mine

KUALA LUMPUR: The Australian gold exploration company in which MUI Properties Bhd is taking a 40.7% stake, has found “high-grade gold mineralisation” at a site in Western Australia. Nex Metals Exploration Ltd, which is listed on the Australian Securities Exchange, recently announced the findings of the 10 drill holes in the Kookynie mining site. MUI…

马联产业联号公司 西澳挖到高品位金矿

(吉隆坡4日讯)马联产业(MUIPROP,3913,主板产业股)持股40.7%的联号公司Nex Metals Exploration(简称Nex Metals),称在西澳Kookynie矿区挖到高品位金矿。马联产业今日在文告中指出,在澳洲上市的Nex Metals所委任的金属开采公司Metalicity,在10个反循环钻孔中发现高品位金矿。

MUI-linked Australian mine discovers high-grade gold ore

KUALA LUMPUR (Feb 4): MUI Properties Bhd’s 40.7% associate Nex Metals Exploration Ltd, which is listed on the Australian Stock Exchange (ASX), has found high-grade gold mineralisation in its Kookynie mining site located in the northeastern goldfields of Western Australia. In a statement today, MUI Properties said the 10-reversed-circulation drill holes achieved high-grade gold intercepts…

MUI sasar kembali untung dalam tiga tahun

KUALA LUMPUR: Malayan United Industries Bhd (MUI) menyasarkan untuk kembali mencatat untung dalam tempoh tiga tahun akan datang menerusi transformasi model perniagaannya dengan menumpukan perniagaan berasaskan gaya hidup. Pengerusi Eksekutifnya yang baharu, Andrew Khoo Boo Yeow, berkata melangkah ke hadapan kumpulan akan menumpukan tiga fokus utama iaitu penstrukturan semula modal dan korporat, rasionalisasi aset kumpulan…

MUI Properties hopes to strike gold in Australia

MUI Properties Bhd is hoping to strike gold Down Under with its 40% investment in Nex Metals Explorations Ltd, a gold exploration company listed on the Australian Securities Exchange. The developer’s executive chairman and CEO, Andrew Khoo Boo Yeow, attributes the idea to his father, Tan Sri Khoo Kay Peng, who is the founder of…

MUI Properties goes for gold in Australia

KUALA LUMPUR (Dec 7): MUI Properties Bhd has taken up an associate stake in Nex Metals Explorations Ltd, a gold exploration company listed on the Australian Securities Exchange. The developer’s executive chairman and CEO, Andrew Khoo Boo Yeow said it is “an opportune time to do so” the price of gold has been rising steadily…