KUALA LUMPUR (July 19): Nexgram Holdings Bhd has embarked upon an internal corporate restructuring (ICR) of its wholly-owned subsidiary Nexgram Land Sdn Bhd and its group of companies to enable a more efficient administration of the organisation.
Nexgram said the restructuring involves segregating the business segments of the group into the respective subsidiaries carrying out the activities.
“By doing so, each subsidiary will focus more on the core business, will strengthen the control of their strategic plans, as well as (provide for) better risk management,” it said in a filing with Bursa Malaysia today.
Under the exercise, Nexgram Lands business as developer and property management will be assigned to two other wholly-owned subs…
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