KUALA LUMPUR:'' HO WAH GENTING BHD [] []'s subsidiary is targeting its tin ore mining business to record a compounded annual growth rate (CAGR) of 20% in output over the next three years.
In a query to Bursa Malaysia, HWGB said on Wednesday, Feb 2 its subsidiary HWG Tin Mining Sdn Bhd's foray into the tin mining business would enable it to derive an additional source of revenue for financial year ending Dec 31, 2011. This was in addition to its existing wire and cable business.
HWGB added it was targeting to start the tin mining operations in Pengkalan Hulu after the Chinese New Year holidays.
In a query to Bursa Malaysia, HWGB said on Wednesday, Feb 2 its subsidiary HWG Tin Mining Sdn Bhd's foray into the tin mining business would enable it to derive an additional source of revenue for financial year ending Dec 31, 2011. This was in addition to its existing wire and cable business.
HWGB added it was targeting to start the tin mining operations in Pengkalan Hulu after the Chinese New Year holidays.
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