The Media Shoppe Bhd to diversify into property construction industry

The Media Shoppe Bhd to diversify into property construction industry

KUALA LUMPUR, Nov 27 — The Media Shoppe Bhd (TMS) has proposed to diversify its business into property construction and related businesses in the company’s portfolio.

In a filing to Bursa Malaysia Friday, TMS said the proposed diversification was expected to provide additional streams of revenue to reduce its dependence on existing business.

“The board expects the property construction and its related business to contribute at least 25 per cent of the TMS Group’s profit.

“The board believes that the group has the capacity, capability and resources to diversify into property construction and related businesses by capitalising on its core competencies and experience,” it said.

— BERNAMA

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