MMAG grows logistics business
F Saad | 13 Oct 2017 00:30
Wong (left) and Chong are bullish on the future of the logistics outsourcing industry
MMAG Holdings Bhd managing director Wong Eng Su is excited over the company’s entry into the logistics and courier business.

It spent about RM11 mil in two years to expand its logistics network under a wholly-owned subsidiary, Line Clear Express and Logistics Sdn Bhd, and with that, completed its transformation from an ICT-products focused company to a logistics player.

The company also expanded its fleet of vehicles from 20 to 70, while staff numbers grew from 30 to 220 within two years. MMAG has over 13 branches.

It plans to raise another RM74 mil via a rights issue. Of this, about RM40 mil will be used to expand the logistics business.