EL Group Of Companies

The group has another RM 5 Million private placement since early 2014, selling nearly half of its new shares approximately RM 2.5 Million to a relatively small number of selected investors as a way of raising capital; venturing into another acquisition of a rundown commercial building in Golden Triangle of Kuala Lumpur, Malaysia worth RM 16 Million. The old building will be obtained, refurbished, resale with new tenancy at minimum RM 25 Million making a gross profit of RM 9 Million within 36 months. Investors involved in this private placement are usually by invitation only reffered by existing shareholders, to be approved by the Board Of Directors. The Board Of Directors which is also the group founder Mr. Eugene Lim and his families, consistently own majority 51% shares in the group as the largest shareholders, representing the other 49% sharesholders to make decisions on all major company issues.