He said on Tuesday, Nov 2 the property segment contributed about 20% of group revenue at present.
He was speaking to reporters after the signing ceremony of its medium-term notes programme to raise RM1 billion to fund its acquisitions and pare down borrowings, Lodin said from the first tranche of the debt notes of RM620 million, RM350 million would be used to complete its acquisition of Pharmaniaga Bhd.
Another RM100 million would be for plantation assets acquired from Golden Crop Returns Bhd, and the remainder as working capital and to expand its property division.
TOP PICKS BY EDGEPROP
Sunway @ New Dual Key Condo Walk To University
Bandar Sunway, Selangor
Twin Key Best Investment Project With 0 Booking
Industrial land, Bukit Lanchong, Shah Alam
Shah Alam, Selangor
Invest Dual Key Unit GRR 9 years RM280k
Cyberjaya | Cash Back Up To 35K New Condo
Mont Kiara | New Condo Below Market Price
Mont Kiara, Kuala Lumpur
Cyberjaya DUAL KEY CONDO FREE FURNISHED+RENOVATED
Petaling Jaya | New Invest Condo Beside University
Petaling Jaya, Selangor
Kota Damansara | Freehold Condo Walk To UNIVERISTY
Kota Damansara, Selangor
2.5 Storey Bungalow House Kg Kubu Gajah
Sungai Buloh, Selangor