KUALA LUMPUR: Consumer electrical and electronics retailer Senheng New Retail Bhd
is set to spend RM74.3 million on capital expenditure (CAPEX) for 2022.
Executive chairman Lim Kim Heng said RM49.0 million of the CAPEX will be used to launch 21 new or upgraded stores this year while the remaining RM25.3 million had been utilised to acquire 1.17 hectares of land in Bandar Bukit Raja, Selangor, in May 2022, to support future expansion and upgrading of its warehousing and distribution network.
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