Four months since emerging as the new single largest shareholder of beleaguered KUB Malaysia Bhd , Datuk Seri Johari Abdul Ghani (pic) has shed some light on his plan to turn around the company.

The former second finance minister seems bent on getting the most out of KUB, a company he sees as heavily undervalued.

Johari purchased his 178.06 million shares of KUB at a price of 68 sen apiece in March, at that time a premium of 28.5 sen or 73% to its price of 39.5 sen a share.

KUB’s shares are now trading at 36.5 sen, at a price-earnings ratio (PE) of 25 times historical earnings.

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