Capital City Group to set eyes on S-E Asia after RTO

Singapore

CAPITAL City Group, which is listing on the Singapore Exchange (SGX) via a reverse takeover (RTO) of marble producer Terratech Group, is confident of turning around Terratech's loss-making marble production business in two years through a pipeline of development projects.

Besides an ongoing mixed-use development called Project Capital City in Johor Bahru and two other projects underway, it is also looking at new development projects in Malaysia and rest of South-east Asia.