Lim Kang Hoo to inject RM356 million capital into Ekovest, may trigger MGO
Photo: New Straits Times
KUALA LUMPUR: Ekovest Bhd's largest shareholder Tan Sri Lim Kang Hoo has given his undertaking to inject up to RM355.85 million into the group via its renounceable rights issue, which could see his stake exceeding the 33 per cent of the share base.
From the original report
This is due to Ekovest undertaking to issue up to 1.78 billion new ordinary shares at 20 sen each, on the basis of three rights shares for every five existing shares held.
"No exemption will be sought by Lim and his parties acting in concerts from the obligation to undertake a mandatory offer," stated Ekovest in a filing with Bursa Malaysia.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
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About this story
- Source
- New Straits Times
- Originally published
- Aug 17, 2026
- Updated here
- Aug 30, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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