Parkson Holdings will start building
malls and leasing out space to get better margins to deal with pressure
on its turnover. It will build malls in Malacca and Cambodia, both
scheduled to open in 2017. The company is also building a mall in
Qingdao, China, which is set to open its doors in the middle of next
year. The cost of the mall in Malacca will be between RM800-900m while
the one in Cambodia will cost RM381m. Parkson owns stakes in Parkson
Retail Asia (PRA) and Parkson Retail Group Ltd (PRGL), companies listed
on the Singapore Stock Exchange and Hong Kong Stock Exchange,
respectively. (StarBiz)
No comments:
Post a Comment