No, there is no racial connotation, the people who tookover are mostly Bee End biz people who want to profit from the efforts of those successful entrepreners who build up their biz empire through generations. Maybank, UMW, Cycle & Carriage, UMBC, Sime Darby, Guthrie to name a few. These people who bought the bizness, did not use their own money, they use the muscle funds of EPF, Tabung Haji, LTAT and PNB to buy them over. If they were bought over by their very own $$$ from their own biz empire they build, that would have been different.

Now they are building on their success on the success of others.

who knows? Public Bank, Hong Leong (the owner would sell if the price is right - his principle is buy cheap sell high), Maxis could be next in line and the big rubber glove consortiums too.

I heard that Ecovest is headed by Liew's son..Liew apparently want to retire and take a back seat as advisor.

Betul ke cerita ni? Anyway aku mmg tak support sangat kalau government beli semua property developer and jadikan diorang GLC. Kene bagi freedom baru la ade competition dalam industry. Ini macam semua benda bayar ke kerajaan. Rumah la, excise duty kereta la, tol bayar kat epf la dan lain2 lagi.