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19May94 REPUBLIC OF IRELAND: MALAYSIANS TO COMPLETE KENTZ FORAY - 60% STAKE.

Malaysian investors are expected to take control soon of the troubled Irish contractor Kentz Corporation.The group of Malaysian investors, led by former Renong employee Lee Tok Fook, will control 60 per cent of Kentz in return for an investment reported to be around £6.5 million.The deal is seen as a bargain for the Malaysians: for 60 per cent of the Kentz Botswana subsidiary, the consortium will pay just £75,000. It was valued at £1.1 million three months ago.The holding ...

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