Johor Corp restructuring
JOHOR Corp Bhd is said to be in the midst of a full-scale restructuring. It would be a timely and potentially necessary move for the state investment arm of Johor.
As StarBizWeek has highlighted this week, large corporations are being nudged to reorganise themselves in light of the economic distress brought about by the Covid-19 pandemic. It is a wake-up call for organisations to future-proof themselves and address environmental, governance and sustainability issues.
In JCorp’s case, the group has a massive RM23bil worth of assets but also has RM14bil in liabilities. JCorp has a diverse set of assets, in industries such as plantations, hospitals, fast food chains, property development and real estate development trusts.
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