Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing. Holding companies, family investing arms and other vehicles of moguls from Thailand’s Dhanin Chearavanont to the…

It has been a long time since the asset-rich but cash-flow-light MUI group of companies undertook a corporate transaction in the country. When it finally took to putting money in the local scene again, it went into one of the most competitive industries. Earlier last week, Pan Malaysia Corp Bhd (PMC), a member of the…

PETALING JAYA: With the Covid-19 pandemic ruining most companies’ growth plans, some have scrambled to find other businesses to ensure their survival. In the case of Malayan United Industries Bhd (MUI), the pandemic has cut deep because the group is involved in sectors that are deemed most vulnerable to Covid-19 such as hotels and retail and to…

Malaysia’s listed diversified conglomerate Malayan United Industries Berhad (MUI) – whose business interests spanfrom confectionery to property – is betting big on startup investments to capitalise on the digitalisation boom.MUI created an early-stage venture capital vehicle Pan Malaysia Ventures Sdn Bhd (PMV) in August last year to invest in tech or tech-enabled businesses at the…

KUALA LUMPUR: Pan Malaysia Corp Bhd memeterai perjanjian jual dan beli bersama Inter Mark Resources Sdn Bhd (IMR) untuk mengambil alih 31.62 juta saham, atau 51 peratus kepentingan dalam A&W (M) Sdn Bhd (A&W Malaysia). Dalam makluman kepada Bursa Malaysia hari ini, Pan Malaysia berkata cadangan pembelian itu, yang bernilai RM21.04 juta, akan dilaksanakan menerusi…

KUALA LUMPUR (Sept 23): Pan Malaysia Corp Bhd (PMC) has entered into a sale and purchase agreement with Inter Mark Resources Sdn Bhd (IMR) to acquire a total of 31.62 million shares, or a 51% stake, in A&W (M) Sdn Bhd (A&W Malaysia).  In an announcement to Bursa Malaysia today, PMC said the proposed acquisition,…

KUALA LUMPUR (Bernama) — Pan Malaysia Corporation Bhd (PMC) has proposed to acquire a 51% share in A&W (Malaysia) Sdn Bhd from Inter Mark Resources Sdn Bhd for RM21.04 million. In a filing with Bursa Malaysia today, PMC said the acquisition would be satisfied via a combination of cash amounting to RM11.57 million and a transfer of…

PETALING JAYA: The Covid-19 pandemic has disrupted businesses for the entire 2020, even more so for Malayan United Industries Bhd (MUI), which has been trying to forge a turnaround since 2018. Being involved primarily in the retail, hospitality and property businesses, it is to no surprise that MUI was adversely affected this year, besides Covid-19’s attempt in…

KUALA LUMPUR: Metrojaya Bhd (Metrojaya) meneruskan operasi perniagaan peruncitannya seperti biasa termasuk rangkaian anak syarikatnya seperti MJ Department Stores Sdn Bhd dan EIC Clothing Sdn Bhd. Ia sekali gus menyangkal laporan bahawa syarikat itu sudah ‘gulung tikar’ disebabkan pandemik COVID-19. Metrojaya adalah anak syarikat Malayan United Industries Bhd (MUI), yang memiliki kepentingan sebanyak 98.21 peratus.…

KUALA LUMPUR (June 1): Malayan United Industries Bhd (MUI) clarified today that its 98.21%-owned subsidiary Metrojaya Bhd continues to operate its retailing business as usual through various subsidiaries including MJ Department Stores Sdn Bhd’s outlets and EIC Clothing Sdn Bhd’s East India Company specialty store. MUI said in a Bursa Malaysia filing dated May 31…

KUALA LUMPUR: Metrojaya Bhd has clarified that its Metrojaya department stores and East India Company speciality store are running as usual. “The company is aware that there has been some confusion over the winding-up news of two of its dormant subsidiaries, Metrojaya Department Stores Sdn Bhd (MDS) and East India Company Clothing (Malaysia) Sdn Bhd…

（吉隆坡1日讯）都是公司名字太相近惹的祸！马联合工业（MUIIND，3891，主要板贸服）澄清，国内的美罗百货商店（Metrojaya department stores）和东印度公司专卖店仍如常营运，而准备清盘的两家冬眠公司不会影响这两家公司的业务。

PETALING JAYA: In line with its strategy to rationalise the business under its new leadership, Malayan United Industries Bhd (MUI) is looking to sell the Corus Hotel Hyde Park in London, United Kingdom. The group announced yesterday that its indirect unit, Corus Hotels Limited (CHL) had appointed international investment bank N.M. Rothschild & Sons Ltd…

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 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

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…

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…

（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。

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…

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 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…

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…

PETALING JAYA: MUI Properties Bhd’s wholly owned subsidiary Cesuco Trading Ltd, will be taking up a 40.73% stake in ASX-listed gold exploration company Nex Metals Explorations Ltd, following the conversion of a A$1.5 million secured convertible note. In a statement, MUI said Cesuco Trading, its Hong Kong-based investment company, had advised Nex Metals Explorations Ltd…

KUALA LUMPUR: MUI Properties Bhd wholly-owned Cesuco Trading Ltd (CTL) will convert an A$1.5 million secured convertible note in an Australian gold exploration company into ordinary shares. In its filing with Bursa Malaysia, MUI Properties said CTL, its Hong Kong-based investment company, had informed Nex Metals Explorations Ltd of its decision on the conversion. MUI…

KUALA LUMPUR (Nov 12): MUI Properties Bhd said its wholly-owned investment firm Cesuco Trading Ltd will be converting an A$1.5 million secured convertible note in an Australian gold exploration company into ordinary shares. Cesuco will convert the notes into 132.47 million ordinary shares of Nex Metals Explorations Ltd, representing 40.73% of the enlarged share capital…

KUALA LUMPUR: Malayan United Industries Bhd (MUI) plans to invest more than RM10 million into The Benjamin Barker Group and retail the menswear label in Malaysia. “MUI Group plans to take up a minority stake in the company that owns the Benjamin Barker menswear label,” said MUI chairman and chief executive officer Andrew Khoo Boo…

The wheels are turning at MUI Group which owns brands like Laura Ashley, Metrojaya and Corus Hotel. Second-generation CEO and Executive Chairman Andrew Khoo has set out a transformation plan to bring MUI’s relevance back to the market after years of languishing performance. Among others, MUI is making rapid expansion into China and Australia through…

KUALA LUMPUR: Malayan United Industries Bhd’s (MUI) 98.21 per cent-owned indirect subsidiary Metrojaya Departmental Stores Sdn Bhd is revamping its retail offerings. MUI wants to introduce new retail formats and brands targeting different consumer demographic profiles. Executive chairman and chief executive officer Andrew Khoo Boo Yeow said the focus was on experiential retailing, engaging shoppers…

Being exposed to ventures outside the family business has its own perks. Here’s how the new executive chairman of Malayan United Industries (MUI) Andrew Khoo thrives by roping in fresh perspectives to the company. Stepping into his father’s shoes as the executive chairman of Malayan United Industries is a monumental task, but Andrew Khoo is…

Refurbished Corus Hotel ready to serve guests better #BernamaNews : Being a pioneer in the hotel industry back since 1980, Corus Hotel Kuala Lumpur the first hotel built along Jalan Ampang, marks its 34 years of operation, since a rebranding exercise in 2001. To celebrate that prestigious achievement, the hotel had refurbished the Executive Floor…

KUALA LUMPUR: Malayan United Industries Bhd (MUI) has set plans to develop an integrated transit-oriented development (TOD) in Bandar Springhill in Seremban with a gross development value of RM440 million. With 1,084 acres of landbank in Bandar Springhill, the company expects between 10 per cent and 15 per cent capital appreciation for the TOD, supported…

KUALA LUMPUR (April 30): Malayan United Industries Bhd (MUI) has confirmed a news report that it is putting its Corus Hotel Hyde Park in London up for sale. Britain’s The Times newspaper reported yesterday that MUI has appointed international investment bank N.M. Rothschild & Sons Ltd as its financial adviser for the sale. In a…

SINGAPORE: Laura Ashley, the British home furnishings and fashion retailer best known for its signature floral prints, is optimistic that China will be the “right market” as it turns to Asia with hopes of rejuvenating falling sales and profits. Its foray into one of the world’s biggest consumer markets, alongside other plans in Asia, will…

Long known for its pastoral English garden-inspired prints, iconic fashion and home decorating brand Laura Ashley is relying on technology far beyond its Victorian-era esthetic to grow its global online business. The company said it will partner with Oracle (NYSE:ORCL) Commerce Cloud to support its growing online presence and create an integrated customer experience across…

Laura Ashley Holdings Plc has announces that its chairman Tan Sri Dr Khoo Kay Peng has retired and is stepping down with immediate effect. Tan Sri Dr Khoo, who has been chairman for the UK brand since 1999, will be replaced by Andrew Khoo Boo Yeow, Non-Executive Director of the Company and current Executive Chairman…

Retailer Laura Ashley is set to close 40 of its stores as it pays its attention to expanding its market in China. The company’s new chairman said he expects to reduce the number of UK stores from 160 to 120. Andrew Khoo said that he wanted larger stores to “showcase the brand.” He added that…

PETALING JAYA: Prominent Malaysian corporate captain Tan Sri Khoo Kay Peng is retiring as executive chairman of Malayan United Industries Bhd  (MUI) after having helmed the company for four decades. He has been succeeded by his son, 46-year-old Andrew Khoo Boo Yeow, who assumed the role of group CEO on Jan 1 this year. Under Khoo’s stewardship,…

KUALA LUMPUR: Tycoon Tan Sri Khoo Kay Peng (pic) has resigned as the executive chairman of Malayan United Industries Bhd (MUI), after more than four decades of helming the company, and will be replaced by his son Andrew Khoo Boo Yeow. In a statement yesterday following the announcement of the resignation, MUI said Boo Yeow…

KUALA LUMPUR (Dec 14): Malayan United Industries Bhd (MUI)’s new executive chairman Andrew Khoo Boo Yeow, who is the second oldest son of its former chairman Tan Sri Khoo Kay Peng, says he will consider selling the group’s assets, even its prized ones, if it makes business sense. This would differ from the stance of…

Tan Sri Khoo Kay Peng announced his retirement as Malayan United Industries Bhd (MUI) executive chairman yesterday after helming the company for four decades. Concurrently, his son, Andrew Khoo Boo Yeow, has been appointed by the MUI board as the company’s executive chairman after assuming the role of Group Chief Executive Officer from Jan, 1, 2018.…

KUALA LUMPUR: Tan Sri Khoo Kay Peng, 79, has announced his retirement today as executive chairman of Malayan United Industries Bhd (MUI) after four decades at its helm. Concurrently, his eldest son Andrew Khoo Boo Yeow, 46, has been appointed by the MUI board as its executive chairman after assuming the role of group chief…

KUALA LUMPUR: Khoo Kay Peng announced his retirement as Malayan United Industries Bhd (MUI) executive chairman today after helming the company for four decades. Concurrently, his son, Andrew Khoo Boo Yeow, has been appointed by the MUI board as the company’s executive chairman after assuming the role of group chief executive officer from Jan, 1,…

Corporate Captain Retires After Four Illustrious Decades at MUI After four decades at its helm, Tan Sri Dato’ Khoo Kay Peng announced his retirement as Executive Chairman of Malayan United Industries Berhad (MUI). Concurrently, Mr. Andrew Khoo Boo Yeow, 46, has been appointed by the MUI Board as their Executive Chairman after assuming the role…

LONDON (Alliance News) – Laura Ashley Holdings PLC on Thursday said Non-Executive Chairman Tan Sri Dr Khoo Kay Peng is retiring and has resigned with immediate effect. Kay Peng has been the Chairman of the textile design company since 1999. Non-Executive Director Andrew Khoo Boo Yeow has been appointed by Laura Ashley as new non-executive…

KUALA LUMPUR, Dec 13 — Tan Sri Khoo Kay Peng has officially announced his retirement today as executive chairman of Malayan United Industries Berhad (MUI) after helming the group for four decades. In a statement made available to the press, Khoo’s son Andrew Khoo Boo Yeow has subsequently been appointed the executive chairman by MUI’s…

KUALA LUMPUR, Nov 23 — A year after becoming Malayan United Industries Bhd (MUI) Chief Executive Officer, Andrew Khoo Boo Yeow has set his sights on building lifestyle brands that are relevant and fresh to ensure the group’s continued growth. “My focus is mainly on building a lifestyle brand in hospitality, retail, property and food.…

Wielding a collection of renowned brands such as Laura Ashley and Metrojaya in the retail sector, Corus Hotels in the hospitality sector, Kandos and Tudor in the food sector, and Bandar Springhill in the property development sector, could asset-rich Malaysian conglomerate Malayan United Industries prove to be a diamond in the rough? Malayan United Industries…

In its filing with the stock exchange, it said the JVCo would carry on the franchise business of the retail food and beverage outlet operated and conducted under the trade names of “Baker & Cook” and “Plank Sourdough Pizza” PETALING JAYA: A unit of Pan Malaysia Corp Bhd  has entered into a joint venture and shareholders agreement…

KUALA LUMPUR (Sep 20): Based on corporate announcements and news flow today, stocks in focus for Friday (Sep 21) may include the following: Scientex Bhd, Malaysia Smelting Corp Bhd, Eco World International Bhd, Pos Malaysia Bhd, AWC Bhd, Wong Engineering Corp Bhd, Dufu Technology Corp Bhd, Selangor Properties Bhd, SCGM Bhd and Pan Malaysia Corp…

KUALA LUMPUR (Sept 20): Pan Malaysia Corp Bhd is partnering with a Singaporean artisan baker and food store, Baker & Cook Pte Ltd, to diversify its business to include food and beverage (F&B) retail outlets. Pan Malaysia said its wholly-owned unit Megafort Sdn Bhd entered into an agreement with Baker & Cook today to form…

KUALA LUMPUR (Sept 20): Pan Malaysia Corp Bhd is partnering with a Singaporean artisan baker and food store, Baker & Cook Pte Ltd, to diversify its business to include food and beverage (F&B) retail outlets. Pan Malaysia said its wholly-owned unit Megafort Sdn Bhd entered into an agreement with Baker & Cook today to form…

KUALA LUMPUR, Sept 20 (Bernama) – Pan Malaysia Corporation Bhd (Pan Malaysia) is forming a joint-venture company (JVco) with Singapore’s Baker & Cook Pte Ltd (B&C) to operate retail food and beverage franchise outlets. In a filing with Bursa Malaysia today, Pan Malaysia said the JVCo would be managed by B&C, and the outlets would…

Click here to listen 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…

LONDON: The long-time Malaysian backer of Laura Ashley Holdings Plc got a little relief on Wednesday as the shares soared on results that provided a rare ray of light for the UK purveyor of floral fashions and furniture. The stock rose as much as 36%, but at a price of 5.88 pence is still worth…

LONDON (Aug 23): The long-time Malaysian backer of Laura Ashley Holdings Plc got a little relief on Wednesday as the shares soared on results that provided a rare ray of light for the UK purveyor of floral fashions and furniture. The stock rose as much as 36%, but at a price of 5.88 pence is…

The corporate office of investment holding company MUI Group occupies two all-white colonial mansions in Jalan Ampang, complete with a column-lined porte-cochère, small but lush gardens, a koi pond and a shaded swimming pool. We meet its relatively new CEO, Andrew Khoo, in the smaller of the two buildings, where a comfortable and well-lit meeting…

The corporate office of investment holding company MUI Group occupies two all-white colonial mansions in Jalan Ampang, complete with a column-lined porte-cochère, small but lush gardens, a koi pond and a shaded swimming pool. We meet its relatively new CEO, Andrew Khoo, in the smaller of the two buildings, where a comfortable and well-lit meeting…

A hotel in Slough has kicked off the first stage of its rebranding, with the launch of a new tea room. The transformation of Burnham Beeches Hotel to become part of the Laura Ashley Hotels portfolio has begun as a new branded tea room opens at the property. Following the success of the first Laura…

https://youtu.be/Y9HiAHGKj08

Malayan United Industries Group Bhd (MUI) yakin kembali mencatat pemulihan dalam tempoh beberapa tahun akan datang menerusi langkah penstrukturan organisasi dan mentransformasi perniagaan kumpulan. Ketua Pegawai Eksekutifnya, Andrew Khoo, berkata penstrukturan itu adalah langkah permulaan bagi mengatur semula strategi kumpulan untuk mencapai sasaran jangka masa panjang iaitu membawa syarikat kembali ke landasan keuntungan selepas berada…

Sebagai anak kepada pengasas Malayan United Industires Bhd (MUI), cabaran besar dipikul Andrew Khoo, 45, apabila beliau menjadi harapan baharu untuk memulihkan prestasi syarikat pelaburan terkemuka itu. Tugasnya bukan sekadar menggalas kepercayaan pemegang saham syarikat dan meluaskan operasinya, namun beliau turut perlu membuktikan sesuatu yang lebih besar. MUI yang dimiliki oleh Tan Sri Khoo Kay…

精简业务，重组债务。马联放眼短期内转盈。沉寂多时而手握宝贵资产的马联工业（MUIIND，3891，主板贸服组），目前正努力精简化业务和减债，期待在一至两年内盈亏持平或转亏为盈，并恢复昔日之光辉灿烂。

Second generation ownership accelerating efforts to revive company THE days of it being a conglomerate, trying to cover as many business sectors as possible, are over. As far as Malayan United Industries Bhd (MUI), which is currently undergoing a corporate restructuring and business transformation process, is concerned, the way forward is to focus on its…

Shares in Malayan United Industries Bhd (MUI) gained 2.3% in early trade Monday as investors welcomed the news that Tan Sri Khoo Kay Peng’s son will take over as chief executive. The counter rose 2.38%, or 0.5 sen to 21.5 sen with over 3.5 million shares traded. It has gained more than 79% year-to-date. Last…

PETALING JAYA: Local tycoon Tan Sri Khoo Kay Peng’s Malayan United Industries Bhd (MUI) was among the most active stocks yesterday following the new appointment of Kay Peng’s son Andrew Khoo Boo Yeow as the new CEO. At market close, MUI’s share price gained 1 sen or 4.8% to 22 sen on some 31.94 million…

KUALA LUMPUR (Dec 8): Malayan United Industries Bhd’s (MUI) major shareholder Tan Sri Khoo Kay Peng is set to relinquish his position as chief executive officer in favour of his son. In a filing with Bursa Malaysia, MUI said Andrew Khoo Boo Yeow, 45, will assume the CEO post effective Jan 1. Kay Peng, who…