TDM in transformation mode

Plantation and healthcare company eyes a place in the top 100 of Bursa Malaysia

(THE STAR) – PLANTATION and healthcare group TDM Bhd is undertaking a major restructuring exercise in its core businesses and has set a goal to be one of the top 100 public-listed companies by market capitalisation on Bursa Malaysia by 2022.

Under the group’s 2017-2022 transformation model, TDM hopes to attain a market capitalisation of RM2 billion, RM100 million in annual dividend and RM1 billion in revenue within the next five years. .

To perform this challenging task, Raja Datuk Idris Raja Kamarudin, who was previously the group’s executive director back in 2000 to 2004, has made a comeback to assume the position of the group’s new chairman.

With over 30 years of experience in the corporate scene, Raja Idris has helmed top management posts in private limited, public-listed and multinational companies with a proven track record of turning around the balance sheets of loss-making companies.

He is a director in Terengganu Inc Sdn Bhd, an investment-holding company of the Terengganu state government, which is a major shareholder of the TDM group.