Capital City Group to set eyes on S-E Asia after RTO
It is upbeat on turnaround for Terratech, saying the loss-making marble business will benefit from its development projects
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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.
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