Mega Sun eyes property development to raise income
GEORGE TOWN: Property management-based Mega Sun City Holdings Bhd is eyeing diversifying into property development to broaden its income base.
According to group managing director Datuk Thomas Liang, the company is looking at reducing the contribution from its core property management business by 80% from 100% currently.
He told StarBiz after Mega Sun’s recent AGM that “we are aiming for the property development business to generate about 20% of our total revenue”.
“We should be able to achieve this ratio in five years,” added Liang.
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