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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.

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"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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