KUALA LUMPUR: AEON Co (M) Bhd does not have plans to open new malls for the time being in view of the challenging market sentiment, according to executive director Poh Ying Loo.
With that, the group has allocated less than RM500 million for capital expenditure (capex) for this year.
“We usually allocate RM600 million to RM700 million for new malls, however we are only opening one mall this year, which is AEON Mall Nilai. We have also refurbished and reopened the AEON Taman Maluri Shopping Centre,“ he said after the group’s AGM today.
The capex will also be utilised for the refurbishment of the group’s existing branches.
from Business http://bit.ly/2HID6u0
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