KUALA LUMPUR, Feb 5 – Former minister Datuk Zaid Ibrahim is just part of a growing number of Malaysian political and corporate figures to put their money on Singaporean penny stocks, the republic’s Straits Times newspaper reported today.
The 62-year-old with a chequered political past joins media tycoon Datuk Tong Kooi Ong and Datuk Wira Dani Daim, son of former finance minister Tun Daim Zainuddin, in buying up the controlling stake in budding Singapore listed companies.
This is part of a trend observers are expecting to continue this year, the Singapore daily said “given the uncertainty of the election outcome, which has caused jitters in the business circles there”. Full story
