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Aspial Lifestyle aims to become a ‘consumer lifestyle powerhouse’

It has expanded its pawnbroking business in Malaysia, and acquired German jeweller Niessing

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Navene Elangovan

Navene Elangovan

Published Mon, Jul 8, 2024 · 05:00 AM
    • Aspial Lifestyle is growing its business to maintain its profitability amid higher lending costs, says chief executive officer Ng Kean Seen.
    • Aspial Lifestyle is growing its business to maintain its profitability amid higher lending costs, says chief executive officer Ng Kean Seen. PHOTO: YEN MENG JIIN, BT

    HIGHER interest rates may mean increased financing costs, but Aspial Lifestyle is not letting that hold back its ambitions to venture into new businesses.

    In the two years since the Catalist-listed company, formerly known as Maxi-Cash, acquired the jewellery business from its parent company, Aspial Corporation, it has made several forays into new markets.

    It has expanded its pawnbroking business in Malaysia, and acquired German jeweller Niessing from its parent company. It also increased its stake in property debt investment platform BigFundr.

    ToplineAspialJewellery

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