Ma­trix Con­cepts ap­points Lee exec deputy chair­man

The Star Malaysia - StarBiz - - News -

SEREMBAN: Prop­erty devel­oper Ma­trix Con­cepts Hold­ings Bhd has ap­pointed Datuk Lee Tian Hock as group ex­ec­u­tive deputy chair­man.

Lee’s ap­point­ment took ef­fect on Sept 1, the com­pany said in a state­ment.

At pre­sent, Lee, who is also Ma­trix Con­cepts founder, is group man­ag­ing di­rec­tor.

Lee’s cur­rent po­si­tion will be as­sumed by Ho Kong Soon, who is now group deputy man­ag­ing di­rec­tor.

In fi­nan­cial year 2018 (FY18), Ma­trix Con­cepts posted a net profit of RM213.3mil, its best per­for­mance since list­ing in 2012. Rev­enue stood at RM815.5mil.

For the sec­ond con­sec­u­tive year, its prop­erty sales ex­ceeded RM1­bil, with RM1.1bil in un­billed sales.

The com­pany is tar­get­ing RM1.6bil worth of res­i­den­tial prop­erty launches in FY19 as it con­tin­ues to lever­age on the strength of its town­ships in Ban­dar Sri Sen­dayan here and Ban­dar Seri Impian, Jo­hor.

The devel­oper will also launch its first high-rise ser­viced apart­ment in Kuala Lumpur, to be known as Cham­bers, in the sec­ond half of this year.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.