ALMANA (08186) has announced that the company is actively pursuing new business developments to create fresh revenue streams for the group.
The board wishes to inform shareholders and potential investors of the group's intention to expand into businesses including immigration consulting services, education consulting, corporate services consulting, and other advisory services.
The group is currently conducting preliminary discussions regarding a potential capital injection and/or investment in one or more companies engaged in providing the aforementioned consulting services (the Potential Investment).
As of the date of this announcement, no agreement has been reached on the significant terms of the Potential Investment, and the group has not entered into any memorandum of understanding or definitive agreement concerning it.
While the group is exploring expansion into consulting services, it will continue to operate its existing business of selling household goods, plantation products, and decorative items.
Concurrently, to further broaden its revenue base, the group is also actively exploring the possibility of expanding into the trading of resource-based products within its existing business framework.
The board believes that this expansion into consulting services and resource trading will effectively leverage international advantages, aiding the group's future diversification, optimizing its business structure, and enhancing its competitiveness.
The group will proceed step by step based on practical circumstances, advancing project implementation, compliance development, team formation, resource integration, and partnership expansion to ensure stable business growth.
Discussions concerning the Potential Investment are currently only at a preliminary stage.