KUALA LUMPUR: Malaysia's largest jewellery retailer Poh Kong Holdings Bhd will spend up to RM25 million in capital expenditure to open five new stores across the country. Each outlet costs up to RM5 million in total capital expenditure, including inventories to set up. Poh Kong's business development manager Edison Choon said this after the company's annual general meeting here today. All of Poh Kong's stores are located in Peninsular Malaysia at the moment. According to analysts, Poh Kong has 16 to 20 per cent of Malaysia's gold jewellery market share.

Source: New Strait Times January 09, 2017 06:20 UTC