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Sin Chew Daily reported that Seven Star Home Furnishings, which is listed on the GEM Consumer Products and Services Group, plans to add 18 new retail exhibition centers within 36 months after listing. The expansion plan is based on rigorous research and takes into account factors including: population, location, economic situation, and future trends.
In the foreseeable future, it hopes to open new retail exhibition centers in major cities in Malaysia, especially in high consumer spending areas in the north and south, to increase market share and accelerate the group’s growth plan.
Wang Junlong, managing director and CEO of Seven Star Home Furnishing Group, said: “Our goal is to improve brand awareness, foresee prospects, benefit from economic benefits, and purchase large quantities of goods to maintain price competitiveness.”
He said that of the total revenue of RM50 million from the listing plan, RM35.2 million or 70.4% will be allocated to the construction of a new exhibition center, outlining capital expenditure and related costs.
