Lim, the biggest shareholder of Kuala Lumpur-listed Ekovest Bhd (KL:EKOVEST), is working with a financial adviser on the potential divestment of a majority holding in closely held Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd, also known as Kesturi, said the people, asking not to be named as the process is private. The assets may attract interest from other industry players, the people said.

Shares of Malaysian investment company Ekovest reversed earlier losses and jumped as much as 10.8%, the biggest intraday gain since January, after the Bloomberg News report. The stock has fallen 19% this year, giving it a market value of RM1.2 billion.