Li-Foong awaits right time to list subsidiaries

LI-FOONG group of companies is waiting for the right time to get a listing for two of its subsidiaries on the main and second boards of the Kuala Lumpur Stock Exchange (KLSE). Its executive director, Mr Chew Yin Kheong said both subsidiaries - Li- Foong Industrial Development Sdn Bhd and Kin Hup Seng Construction Sdn Bhd - have met all the listing requirements. "They are now ready for listing ... We will list them when the time is right, when the economy recovers and the stock market stabilises," he told a news conference after the official launching of the Li-Fong Brass Factory and SafeGas Device by Second Finance Minister Datuk Mustapa Mohamed in Selangor yesterday. Li-Foong Industrial…