Poh Kong Holdings Bhd, leading jeweler in Malasia will be spending RM40 million to launch 10 retail outlets across the country over the next one and half years.
Datuk Eddie Choon, Executive Chairman, Poh Kong told the company owns and supervises 67 outlets nationwide, will be spending between RM3.5 million and RM5 million on each store.
The firm devices to rise close to RM200 million under a bond funding to fund its growth.
Choon, on behalf of Poh Kong, signed a joint venture accord with two Hong Kong-based firms to start a diamond-cutting and polishing factory in China within a year.
It will also inject a capital of US $2.1 million into its unit, Jai Yue Diamond Jewellery Co Ltd, which cuts and polishes diamonds for the last two years.
Choon said the China venture would contribute about RM30 million in sales annually to the group turnover.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
