Mainstream
Titijaya allays concern on cash calls
Lim Cian Yai | 08 Sep 2017 00:30
Mid-sized property developer Titijaya Land Bhd has implemented several rounds of fund-raising since last year, raising concerns on its financial health amidst the challenging property market.

However, the company says tapping the capital market gives it cheaper access to funds as it will not have to pay for interest versus a bank loan.

There is nothing to worry about, says Titijaya group managing director Tan Sri Lim Soon Peng. He says the company still maintains a very healthy balance sheet, with net gearing at 0.37 times as of June 30.

“The corporate exercises are necessary for us to embark on projects with positive upsides that would sustain the company’s growth,” he tells FocusM.

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