A consortium of Middle East, a Malaysian blue-chip institutional and individual investors are eyeing a strategic stake in Mah Sing Group, according to Business Times' sources. Partnering with the current major shareholders and management of Mah Sing will likely be the vehicle of choice for the investors' Southeast Asian expansion plans. The deal would likely be different to which Middle East investors recently bought into Putrajaya Perdana and Loh & Loh Corp. With this tie-up of the consortium of investors in Mah Sing (if it comes through), the company's ability to grow further locally, regionally and in the Middle East is set to be very good.
My 2 cents - it should be very positive for Mah Sing if this is true. They could even have a bigger share of the IDR if the potential investors turned out to be the same ones as the ones who plans to invest a big chunk in IDR. Even without that, the group's business has been very good in the past couple of years. It is rumoured that they are close to securing enblock sales of its properties, both commercial and residential.
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