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Sern Kou said the proposed disposal will allow the group to strengthen its liquidity and cash flow position by raising total net cash proceeds of RM3.67mil, which will be utilised as working capital.
The property division is clearly the main growth driver for the company right now, supported by progressive revenue recognition from several key projects. Revenue rose to RM103.2 million, marking a strong 126.6% year-on-year increase, mainly contributed by Damansara Livista, Residensi Kamelia, and The Wyn Residences. In addition, unbilled sales stand at RM637.0 million, providing clear earnings visibility over the next 24 months and indicating a steady project pipeline ahead.
