Mah Sing to use cash pile to expand landbank and form joint ventures

Mah Sing group managing director Tan Sri Leong Hoy Kum: "Every weekend is shopping time for me and sometimes I charter a helicopter to look at land the size of 500 acres to 1,000 acres.

KUALA LUMPUR: Mah Sing Group Bhd plans to use its RM923.8mil cash pile and healthy balance sheet to invest in new landbank acquisitions and joint venture opportunities.

“Our focus is mainly in Greater Kuala Lumpur but we are also open to other high growth locations in Malaysia,” group managing director Tan Sri Leong Hoy Kum said in a statement yesterday. “Our cash pile and low net gearing will allow us to look out for potential land acquisitions,joint ventures and investments.”