PETALING JAYA: TSH Resources Bhd
has projected a capital expenditure (capex) of between RM750mil and RM1bil over the next five years to cultivate more hectarage and to build more mills to process crop. Chairman Datuk Kelvin Tan said it would be funded by TSH's internal cash flows, and some borrowings for any new acquisitions.
At TSH's AGM yesterday, he said this year's capex would amount to more than RM100mil. He expected a double-digit growth for this coming financial year, and in years to come.
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