KUALA LUMPUR: Loss-making Tafi Industries Bhd
is planning to diversify into property development and construction, given the lacklustre prospects of its furniture manufacturing business.
In a filing with Bursa Malaysia, the group said it plans to continue with the existing furniture manufacturing business (pic) but expects the property and construction-related business to contribute 25% or more to its net profits.
TAFI also expects a diversion of 25% or more of its net assets in the financial year ending Dec 31,2021, and beyond, to the new business.
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