This article first appeared in The Edge Malaysia Weekly, on August 2, 2021 – August 08, 2021.
JOHOR Corp Bhd (JCorp), the state-controlled investment arm of Johor, is in the midst of a large-scale restructuring exercise, which entails a full-scale review of its existing business ventures, sources familiar with the matter tell The Edge.
While details are scarce, it is understood that Maybank Investment Bank Bhd and CIMB Investment Bank Bhd have been roped in to assist with the restructuring of JCorp, which had RM23.28 billion in assets as at end-December 2019.
In an email response to questions from The Edge on the planned restructuring, a JCorp spokesperson says, As a major investment holding institution with core businesses involved in t…
Read the full article at: https://www.theedgemarkets.com/article/jcorp-undergo-largescale-restructuring