Amalgamated Industrial expects property segment to bring in half of revenue by end of 2016
16 Jun 2016 / 14:26 H.
SHAH ALAM: Amalgamated Industrial Steel Bhd (AISB) expects its property development division to contribute half of the group's revenue in this financial year ending Dec 31, 2016.
AISB's property development division was established last year following its diversification into this sector to broaden its revenue.
"We've started implementing our maiden project Avant Industrial Park in Shah Alam upon approval of the development order in April 2016," executive director Lim Yew Boon told a press conference after AISB's AGM here this afternoon.
The gross development value of the project is RM160 million.