Group says it will do its best to maximise earnings in the coming years to reward shareholders with a handsome dividend payout.
Holdings Bhd’s management is focused on transforming the company into a
behemoth conglomerate via organic or inorganic growth opportunities.
Its CEO Datuk Seri Chia Kok Teong (picture) said
the group has multiple opportunities on the table, and if in line with
its growth strategy, will be pursued to the fullest.
is in the final stages of finalising a project in the tune of RM6
billion. We are very confident of securing it, but I cannot disclose any
more information at this stage. We will be making appropriate
announcements once it is finalised,” he told The Malaysian Reserve in an email recently.
According to Chia, another main goal will include elevating Vivocom to the Main Board of Bursa Malaysia as soon as possible.
said the group will do its best to maximise earnings in the coming
years to reward shareholders with a handsome dividend payout.
will include merger and acquisition activities which could result in
the group acquiring strategic stakes in other public listed companies
for investment holding purposes. In the next few years, the group has
plans to grow the business with megaprojects, while venturing into new
lines of businesses which are profitable and can generate capabilities,”
are determined and committed to turning the company into a
conglomerate. Our shareholders, in turn, can look forward to very
exciting and thrilling times ahead,” he said.
added that he wanted to instil public confidence in the group as a
go-to group with a clear vision for exciting growth and wealth creation
capabilities, and in its stock price as the group issues shares.
terms of the groups’ move to venture into becoming a fully-fledged
property player in November 2020, Chia said the group was confident in
doing so despite the property market struggling due to the impact of the
move to buy V Development Sdn Bhd, a deal that would ensure good
outcomes past 2023, attracted investor interest, with the company’s
share price rallying from about 50 sen in early November 2020 to a high
of RM2.05 on Nov 19 before profit-taking has seen a retracement with the
share closing at 93.5 sen last Friday.
is well-known as the mother of all investments and the richest people
in the world are into properties where serious wealth can be made and
addition, we are a long-term player and are very selective in operating
in industries where great wealth is created and amassed, such as real
estate and new technologies. We are in business for perpetuity and will
ride out the current trough. Plus, we are focused on affordable housing
in the next several years as part of our commitment to serving the
rakyat,” Chia said.
said he voluntarily committed to a self-imposed moratorium to not
dispose of any of his personal stakes in the group for the next three to
self-sacrifice I am making is to demonstrate to shareholders and the
market that I am strongly focused on ‘building the Vivocom legacy’ while
creating wealth for all shareholders for the long term. I am supremely
confident of maximising the wealth of Vivocom, so that everyone
connected with Vivocom can grow wealthier and thrive together,” Chia
the private placement shares taken up by Golden Key Portfolio Sdn Bhd
has a moratorium period of 12 months, a condition imposed on the
insistence of Chia.