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Article: Asian Pac to venture into shopping complex management
- Article from:
- New Straits Times
- Article date:
- July 19, 2007
- Author:
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Vasantha Ganesan
New Straits Times
07-19-2007
Asian Pac to venture into shopping complex management
Byline: Vasantha Ganesan
Edition: Main/Lifestyle
Section: Business Times
Type: Company
PROPERTY developer Asian Pac Holdings Bhd plans to make shopping complex management as its new core business.
The company expects that by 2010, revenue contribution from property development and shopping complex management will be split 50:50.
For the financial year ended March 31 2007, Asian Pac registered RM25.18 million in net profit on the back of RM332.65 million in revenue.
For a start, it plans to manage two shopping complexes - The Mall at KK Times Square in Kota Kinabalu Sabah and Fortune Eight in ...