Petronas Basecamp

Part of the Group’s strategy is to expand its recurring income base. In line with the strategy, we entered into a 5+5 years rental agreement with Petronas to provide “base-camp” facilities to its employees in Sipitang, Sabah. The project was completed and handed over in March 2016, and generates a recurring revenue of RM2.84 million per quarter for the Group. Going forward, more of such facilities could be built by the Group.