KUALA LUMPUR: Mah Sing Group Bhd plans to use its RM923.8mil cash pile and healthy balance sheet to invest in new landbank acquisitions and joint venture opportunities. “Our cash pile and low net gearing will allow us to look out for potential land acquisitions,joint ventures and investments.”This is the first time Mah Sing is looking to replenish their landbank since 2015. It also posted a 4.9% drop in revenue of RM3bil in 2016 due to lower contributions from its Jalan Ampang M City and Petaling Jaya Icon City projects, which are in the tail end of development last year. Mah Sing has proposed a final dividend of 6.5 sen per share for the financial year. “As we enter into the new financial year, we will continue to adopt a strategic approach and phase out our launches.

Source: The Star February 28, 2017 23:48 UTC