Mah Sing will use new capital to expand landbank

Artist impression of Lakeville Taman Wahyu

FRESH from a rights issue exercise that will raise RM630mil to finance its landbanking strategies and a whopping unbilled sales register of RM5.1bil, Mah Sing Group Bhd is on a strong financial footing to further bolster its market leadership position and to make foray into new markets.

Its healthy balance sheet will be given a further boost by the fast project turnaround model it adopts where the time frame from the purchase of a land to the launch of the project only takes between six and nine months - a hallmark of this Kuala Lumpur-based property group which also has projects in Iskandar Malaysia, Penang and Kota Kinabalu, Sabah.