Aeon in RM700mil expansion mode, going into smaller towns

KLANG: Japanese retailer Aeon Co (M) Bhd has set aside RM700mil this year to open three new Aeon outlets and two MaxValu stores as it boosts spending to expand its presence into smaller towns.

Of the three Aeon outlets, two of them will be part of new shopping centres in Bukit Mertajam, Penang and Taiping, Perak, which Aeon Co will operate. It will also be an anchor tenant in upcoming Quill City Mall in Kuala Lumpur.