KUALA LUMPUR: Qew Group Berhad (QGB) plans to overhaul its business operations by restrategising its investment portfolio and roadmap to realign and restructure the group's investment activities.
This will ensure long-term growth and stability, it said in a statement.
As a key part of this strategic overhaul, QGB said it will redeem all of its RPS-i (redeemable preference shares—Islamic) from shareholders by the end of the financial year.
This proposed redemption represents a significant exit from the group's current business and investment portfolio.
"This decisive action by the board and management is a cornerstone in transforming and strengthening the group's corporate and financial structure," it said, adding that it aligns with QGB's vision to become a listed entity and a leading global investment platform.
In conjunction with the RPS-i redemption, QGB is actively processing a foreign direct investment (FDI) application as a proactive measure to ensure the successful execution of this strategic initiative.
Looking ahead, QGB intends to focus on long-term investment projects that offer superior profit margins and generate positive societal benefits. These projects include the group's ongoing ventures in mining, telecommunications, real estate development, healthcare, and factoring services.
"The decision to offload this portfolio is a deliberate and strategic measure aimed at optimising QGB's operations and financial performance. This restructuring is expected to enhance the company's value, driven by sustainable organic growth," it said.
QGB anticipates that this exercise will result in a strengthened financial structure, with expected increases in earnings per share (EPS) and improved financial ratios, making QGB more attractive to both institutional and retail investors.
"The management is confident that this restructuring is aligned with the group's long-term strategy, ensuring investment stability and supporting continuous growth," it said.