KUALA LUMPUR: Evergreen Max Cash Capital Bhd (EMCC) has acquired two additional pawnshops, which serve to expand its network of "pajaking" pawnshops. Including the two recent acquisitions, the group now has a network of 24 pawnshops. "By acquiring established and profitable pawnshops, this strategy aligns with our growth objectives and grants us the advantage of integrating fully operational pawnshops into our network. The group reported revenue of RM74.8mil in the nine months ended Sept 30, 2023, up 63.8% from the year-ago period, while profit after tax climbed 35.7% to RM10.2mil. Low said the group is confident of delivering a stronger financial performance in the financial year ended Dec 31, 2024, with the contributions from the two new pawnshops.

Source: The Star January 06, 2024 03:19 UTC