PETALING JAYA: Autoris Group Holdings Bhd (AGHB) is aborting its proposed diversification into moneylending and related activities, after reconsidering the additional capital and resources required.
In a filing with Bursa Malaysia, the company, primarily involved in providing loss adjusting services for motor and non-motor segments, said it will continue to focus on its existing core operations for the time being.
“For avoidance of doubts, the group will continue to undertake the moneylending and related business activities through (wholly-owned subsidiary) Fui Lian Credit & Leasing Sdn Bhd, but does not anticipate the moneylending and related business activities to contribute more than 25% of the total net profits of the group or cause a diversion of more than 25% of the total net assets of the group at this juncture.
