RI businessman to buy Vikay

RI businessman to buy Vikay

SINGAPORE (AFX-ASIA): Indonesian timber businessman Kea Kah
Kim plans to buy an 80 percent stake in liquid crystal display
maker Vikay Industrial Ltd, which has been under judicial
management since December 1997, the Straits Times quoted Kea as
saying.

"I believe that Vikay's core business of electronic original
equipment manufacturing can be highly visible, with good
potential for strong growth in the future," Kea said.

Kea, who will be using his special purpose vehicle E-Path
Developments for the acquisition, said an application to lift the
trading suspension of Vikay on the Singapore Exchange will be
made once a due diligence audit on Vikay has been completed.