Ho Hup shareholders approve revamp plan to exit PN17

Shareholders of Ho Hup Construction Company Bhd have approved the company's regularisation plan to uplift it from Practice Note 17 status.

"In the coming months we will, of course, focus on completing the restructuring exercise to further strengthen our balance sheet," its executive director Derek Wong Kit Leong said after the company's EGM on Thursday.

He said the company was on the lookout for suitable land bank in Klang Valley and Johor where demand for property remains strong.

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Those who bought then would now be "laughing all the way to the bank"