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Cortina Holdings Positions Group For Further Growth In Malaysia
Cortina Holdings has announced the increment of ownership in its subsidiary, Cortina Watch, to 90 percent by subscribing for approximately 38 million shares at RM1.99 each.
The investment, worth approximately RM75.9 million, has strengthened the capital structure of Cortina Malaysia in line with its expansion of business over the years, from three boutiques in Kuala Lumpur in 2007 when capital was once increased, to the now 10 boutiques in Kuala Lumpur, Penang and Sabah, and positions the group for further growth in Malaysia.
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