|
|
Article: CCK on expansion drive
- Article from:
- New Straits Times
- Article date:
- May 12, 2008
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
Presenna Nambiar
New Straits Times
05-12-2008
CCK on expansion drive
Byline: Presenna Nambiar
Edition: Main/Lifestyle
Section: Business Times
Type: Company
CCK Consolidated Holdings Bhd, a Sarawak-based poultry and seafood processing company, will embark on a major expansion drive with RM20 million set for spending to widen its retail footprint in Sabah and Peninsular Malaysia.
Existing stores are predominantly located in Sarawak
After keeping a low profile since listing 11 years ago, it plans to expand its chain of retail stores from the current 32 to 100 by 2012.
This year alone, it plans to open 10 new stores.
A new store requires some RM350,000 in investment.
"We are cash rich. (As ...