Federal International bullish on construction arm
PETALING JAYA: Federal International Holdings Bhd foresees its construction arm to be the group’s key growth driver over the long run, despite the market’s cautious stance on the domestic construction and real estate sectors.
Group managing director Datuk Choy Wai Hin told StarBiz that Federal International’s involvement in construction activities, via its wholly owned subsidiary Pembinaan Masteron Sdn Bhd (PMSB), is largely insulated from the sector’s current challenges and uncertainties.
This is primarily because PMSB’s contracts come solely from its sister company, Masteron group, a privately-held entity of the Choy family – which is also the single largest shareholder in Federal International.
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