Malaysia HQ finished27 Feb 2009 03:59
Some nice news today, the new HQ and Production Centre in Malaysia is finished. This should contribute to improving margins in later 2009 and 2010 onwards......all good for increase profits, or retaining profit levels in hard times, as you will note from the comment "substantial cost savings".......
http://www.rcg.tv/html/eng/about/newsroom/business_news/2009_details_4.jsp
RCG completes building development for new Malaysian HQ and production centre
27 Feb 2009
RCG Holdings Limited (HKEx:802, AIM:RCG), an international provider of biometric and RFID products and solution services with a primary focus in the Asia Pacific markets, is pleased to announce that it has completed the building development of the RCG Tower, the Company’s new office headquarters and production centre in Malaysia.
Located in Selangor Science Park, an area hosting high-tech industry in Malaysia and occupying a total gross floor area of approximately 18,960 square metres, the RCG Tower will house RCG’s factory, showroom, warehouse, after-sales service centre and head office. The Tower will replace RCG’s existing production and other facilities in Kuala Lumpur, centralising all Malaysian final assembly, R&D, after-sales and back office functions as well as the majority of administrative functions.
A handover ceremony was held on 20 February 2009 to mark the c.................