PETALING JAYA: Property developer and contractor Rivertree STF Synergies Bhd (RSSB) has proposed to diversify its existing principal activities to include the management of centralised labour quarters (CLQ).
In a statement, it said the move represents a strategic step by the group to expand beyond its current principal activities into a complementary segment that offers greater earnings visibility.
“The CLQ management business is expected to provide a consistent recurring income stream through long-term rental and stable occupancy rate, supporting a more balanced and resilient earnings profile.”
The proposed diversification follows its recent announcement on March 3, 2026 where RSSB collaborated with Catenary Capital Sdn Bhd and Q Centre Management Sdn Bhd for the development of up to four CLQ facilities in the Klang Valley, with an aggregate indicative development value of approximately RM600mil and a total capacity of 28,800 beds.
