Singapore security company linked to tycoon Peter Lim expands into Iskandar
Published on Mar 14, 2014 2:16 PM
A security company owned by Singaporean businessman Peter Lim is joining hands with the Sultan of Johor's son to set up a security business in Iskandar Malaysia.
Soverus Group on Friday signed a memorandum of understanding (MOU) with Tunku Abdul Rahman, the son of Johor's Sultan Tuanku Ibrahim, to establish the joint venture aimed at tapping into the increasing demand for premium security services in Iskandar.
Mr Paul Lim, chief executive officer of Soverus Group, said this MOU marks the first time the company has ventured out of Singapore.
"The security business in all countries is highly regulated. This MOU signifies and cements our belief in the growing market in Iskandar and the rest of Malaysia," Mr Lim said.
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