The new business areas include:
- Brokerage services
- Construction consultancy
- Project management services
This expansion is subject to obtaining necessary statutory and regulatory approvals as may be applicable.
Rationale and Expected Benefits
The disclosure states that the company was previously involved in the real estate business but currently generates no operational revenue from its business activities. The company sustains its operations mainly through other income.
The proposed diversification is intended to enable the company to explore alternative business opportunities and create potential sources of operational revenue in the future, which may support continuity and sustainability of business operations.
Financial Impact
- Estimated amount to be invested: NIL (Zero investment)
- Financial impact not quantified in the disclosure beyond the nil investment amount