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Cheetah - The Big Leap

21
Jun '07
Cheetah Holdings Bhd, a Grament Retailer, plans to spread roots overseas in the coming 12-18 months. Company has successfully bagged the local potential retailers.

Negotiation with other important companies for tie up are going on, said Tho Tuck Woh, the CEO.

Woh targets to grow extensively using organic methods by the end of this year, through its 600 member retail network.

Woh also revealed at a recent press meet, “It can be deduced that unification of a company enhances growth in profitability.”

In a span of three-five years the company expects 40 percent returns through the non Core Businesses.

An overview of Retail Sales forsees tougher competition in the forth coming years.

Cheetah Holdings has attained master license in England and Ladybird by focusing on branded children wear.

The CEO announced that Cheetah Holding will embark the brand name in the Malaysian Market, targeting shoppers in all price-segments as well as age groups.

A Company with its 14 impartial outlets, Cheetah intends to broaden its Association as soon as possible.

The Shereholders at the EGM approved the proposal of bonus upto 43,098,000 new shares of 50 sen each to be recognized as paid-up,on the footing of a new share for every two on hand shares.

“Keeping this in mind, we go nearer to Bursa, Malayasia's Main Board”, explained the Excutive Director, Chai Kee Kwei.

Cheetah Holdings is likely to relocate to the Main Board by mid July.


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