July 12, 2018
Malaysia’s CAB Cakaran Corporation Bhd plans to expand its presence in the retail sector by adding two more Pasaraya Jaya Gading outlets this year. This is in tandem with the group’s strategy to build a substantial distribution network for its products. In an interview with Asian Agribiz, CAB Cakaran Managing Director Christopher Chuah said the company has already opened one outlet this year, and next is slated to commence operation either by end this year or Q1 2019. It would cost CAB Cakaran at least USD 250,000 to open one outlet, he added. The group currently has nine outlets, located mainly in small towns or on the fringes of urban centres in Peninsular Malaysia.