Cuckoo Malaysia hatches RM10 million plan to grow in Singapore homes
Over the next two years, it plans to expand beyond its trademark purifiers into mattresses, air-conditioners, massage chairs and home care services
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[KUALA LUMPUR] The Malaysian arm of South Korea’s Cuckoo Homesys wants more room in Singaporeans homes as it plans to invest RM10 million (S$3 million) over the next two years to expand beyond its trademark purifiers into mattresses, air-conditioners, massage chairs and home care services.
Bursa Malaysian-listed Cuckoo International (MAL) (Cuckoo Malaysia) said that demand for clean water, fresh air, quality rest and premium home services will give the appliance maker an edge in a crowded market. Chief executive officer and executive director Hoe Kian Choon told The Business Times: “Even though Singapore only contributes a small slice of revenue today, it’s full of potential.”
He added: “We’re planting the seeds now for a much bigger presence.”
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
