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…