Lay Hong selling 30% of G-Mart Borneo Retail

Cost reduction:: A G-Mart outlet . According to Lay Hong’s 2016 annual report, due to the soft consumer sentiment, the group had reviewed its business plans and went on a cost reduction exercise and closed two non-performing G-Mart stores. It now has 16 stores in Sabah.

PETALING JAYA: Integrated poultry farmer Lay Hong Bhd is selling almost a third of its shares in a grocery unit to PanPages Bhd as it seeks to build up its online e-commerce business.

“PanPages has the know-how on promoting new products and services to the market.