Posted by hpcp > 2016-10-19 10:32 | Report Abuse

Oh, so Bina Puri only has 12% effective stake in the RM15b Kuantan development project. When Bina Puri has property development business and the major shareholder has similar business on his private side (Bina Puri has just 12% small stake in Ideal Heights), there will be conflict of interest. Why it was not Bina Puri who directly secured the Kuantan project. After Ideal Heights getting the job then do share swap with Bina Puri, do you think the valuation of Ideal Heights will be cheap? Minorities oh minorities