AFTER three years of losses, Main Market-listed GIIB Holdings Bhd
(GIIB) is embarking on a plan to turn around its fortunes by early next year.
The company will be divesting its core retreading business as well as two land parcels spanning 10 acres in Sabah. The latter is worth around RM36mil.
Instead, it will focus on the remnant business of rubber compounding which involves manufacturing specialised rubber materials for high-performance products such as railway, automotive and infrastructure parts.
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