PETALING JAYA: Eco World Development Group Bhd
(EcoWorld Malaysia), which reported growth in its earnings for the first quarter (1Q) of its financial year ending Oct 31, 2024 (FY24), is seeking land banking opportunities.
President and chief executive officer Datuk Chang Khim Wah said the group is well-positioned to expand its land holdings to fuel growth given its low net gearing ratio of 0.28 times as of the end of 1Q24.
“EcoWorld Malaysia remains very well-positioned to increase our land bank to further boost our growth prospects when the right opportunity comes along,” he said in a statement on its 1Q24 results.
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