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KSH sets its sights on Gaobeidian bonanza

Chan Chao Peh Published on Wed, May 31, 2017 / 10:57 AM GMT+8

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SINGAPORE (May 30): KSH Holdings’ earnings for the year ended March may have dropped by a third to $66.8 million and revenue was down by nearly a fifth to $199.3 million, but executive chairman Choo Chee Onn (photo) still has every reason to be in a cheerful mood.

(See also: How KSH hit the jackpot with China’s newest SEZ)

On April 4, the company’s share price started a near-vertical climb from 55 cents to 91.5 cents in less than two months. The surge was triggered following news that Chinese central government has designated a district called Xiong’an to be accorded “special economic zone” status similar to what Shenzhen was given back in 1980.