SYED MOKHTAR TO THE RESCUE. The world's richest Malay has emerged as the odds on favourite to capture Khazanah Nasional Bhd's 32.2 per cent stake in Pos Malaysia Bhd. A decision on the sale is expected soon. It could cost the tycoon, whose family hails from Bukhara in modern day Uzbekistan, about RM700 million.
Syed Mokhtar is experiencing a renaissance of sort, after being kept out of the loop by the Abdullah Badawi administration.
It hasn't been a good year for Pos Malaysia, being hauled up by the Parliment's Public Accounts Committee. Syed Mokhtar will be expected to do what he has done in DRB-Hicom - haul up the deadwoods, and turn the rank and file into a fighting force ready for war! Syed Faisal Albar, a former CEO of NST, is the current group MD of Pos Malaysia.
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