Wednesday, June 20, 2012

Syed Mokhtar's insatiable expansion binge: Forbes!

How Forbes.com describes Syed Mokhtar as the #7 Malaysia's Richest:
Onetime rice trader goes on an expansion binge, with his DRB-Hicom -buying a 43% stake in state-owned carmaker Proton for $422 million and 32% of postal company Pos Malaysia for $196 million. Telecom arm Puncak Semangat was among 9 companies to win a 4G spectrum allocation in December. Next target is rail operator KTM. Flurry of deals sent DRB-Hicom shares up 42%, helping to boost his fortune by $800 million.

All of the above is never enough.

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