In its latest annual report, the retailer said it has deferred and cancelled its capital expenditure (capex) for the financial year 2020 (FY20) by 83% to RM46.4mil from RM274.2mil a year earlier, including deferred investments in new physical stores.( Filepic shows Aeon Kinta City Mall)
PETALING JAYA: Aeon Co
(M) Bhd is focusing on its digitalisation effort and deferring its investments in new physical stores to refine and enhance its new retail model.
In its latest annual report, the retailer said it has deferred and cancelled its capital expenditure (capex) for the financial year 2020 (FY20) by 83% to RM46.4mil from RM274.2mil a year earlier, including deferred investments in new physical stores.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
