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Building materials turnaround marks new direction for Hong Leong Asia

CEO Tan Eng Kwee is excited about how performance of building materials supply business is shifting HLA's bottom line.

"Sometimes, in the long haul, you must know when to get rid of a business even when it's profitable," says Hong Leong Asia CEO Tan Eng Kwee.

SIZE matters a lot in the building industry, and Hong Leong Asia (HLA), a leading supplier of ready-mixed and precast concrete to Singapore's construction industry, could strengthen its lead if Covid-19 accelerates consolidation in the market, chief executive Tan Eng Kwee believes.

Mr Tan...

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