Its hardware products include plumbing, power and hand tools, paint and adhesive, and gardening.
Group M Berhad, is a Malaysia-based home improvement retailer.
The Company also offers food and beverage products include biscuits, snacks and confectionery.
The company has hit a certain scale and it could be challenging to continue opening stores without future stores cannibalizing each other.
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This of course is after taking into consideration of working capital, maintenance capital and committed capital requirements.