KUALA LUMPUR (Oct 22): Boustead Holdings Bhd's chief said the diversified group was "rightsizing for competence" when it embarked on non-core asset sales. The Edge Malaysia business and investment weekly (Edge Weekly), in its latest October 24-30 issue, quoted Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin as saying non-core asset sales were crucial to ensure Boustead's operations were effective and efficient. “Some might think we liquidated or sold assets to make up for the shortfall in revenue and profit coming from those sectors. I don’t agree because we were rightsizing for competence at every level of our operations and to ensure we were cost-effective and efficient. For a better understanding on Boustead under Lodin's stewardship, kindly pick up and read the latest Edge Weekly issue.

Source: The Edge Markets October 22, 2016 01:18 UTC