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Nikkei Markets

Malaysia's O&C Resources Aims To Launch Projects Worth MYR700 Mln In 3-4 Years-Official

By Chong Sin Hao
Nikkei Markets
KUALA LUMPUR (Oct 09) -- Malaysian property developer O&C Resources aims to launch projects worth 700 million ringgit ($165.4 million) in the next three-four years, its chief financial officer said.

The company plans to execute over three years current outstanding orders worth 700 million ringgit at its construction arm, Bernard Tan told NikkeiMarkets.

O&C is currently bidding for projects amounting to one billion ringgit, most of which are housing projects, he said.

The company is also in talks with some land owners to jointly develop property projects, Tan added.

Shares of O&C are currently trading flat at MYR0.565 apiece.
- By Chong Sin Hao; Dave.Chong@nikkeinewsrise.com; +60320267363
- Edited by Abhrajit Gangopadhyay
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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