Parkson to build malls and lease out space
Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover.
The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall in Qingdao, China, which is set to open its doors in the middle of next year.
The cost of the mall in Malacca will be between RM800mil and RM900mil, while the one in Cambodia will cost RM381mil. The malls will be funded using internal cash. …
Jagdev Singh Sidhu
http://www.thestar.com.my/Business/Business-News/2014/05/07/Parkson-to-build-malls-and-lease-out-space/
