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KUALA LUMPUR (Oct 15): Property developer Mah Sing Group Bhd, which also makes plastic products, may include its separate manufacturing division to further unlock segment value, the group’s CEO and chief executive officer said today Tan Sri Leong Hoy Kum.
At a virtual press conference today in conjunction with Mah Sing’s announcement of its planned diversification into glove making, Leong said Mah Sing is exploring “the possibility of listing [its] manufacturing division separated from the group to further unlock its value in the future ”.
He did not elaborate.
According to Mah Sing’s latest annual report, the company operates its plastics division through wholly owned subsidiaries Mah Sing Plastics Industries Sdn Bhd and Vital Routes Sdn Bhd.
Vital Routes owns a 65% stake in PT Mah Sing Indonesia, according to the report.
In Bursa Malaysia today, Mah Sing rose two sen or 2.76% to 74.5 sen at 3:09 pm for a market value of around RM1.81 billion. The stock saw around 88 million shares traded.
Read also:
Mah Sing to diversify into glove manufacturing
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