Gdex to allocate record high capex of RM50m in FY19, says MD

SHAH ALAM (Dec 6): GD Express (GDex) Carrier Bhd is allocating higher capital expenditure (capex) of RM50 million for the financial year ending June 30,2019 (FY19), some 66.67% higher than it spent for FY18 (approximately of RM30 million). "We have much bigger allocation for the capex in FY19, which is close to RM50 million, its the biggest (spending) so far," Teong Teck Lean, GDex's managing director cum chief executive officer, told the press after the annual general meeting (AGM) here.  Language Undefined


6 Dec, 2018THEEDGEMARKETS.COM

BEAM - Gdex to allocate record high capex of RM50m in FY19, says MD | BEAM
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