PETALING JAYA, Brite-Tech Bhd (BTech) has announced plans to diversify its core operations to include property investment, marking a strategic move to broaden its income sources and strengthen long-term growth prospects.
In a filing with Bursa Malaysia, the group said its existing businesses are primarily focused on environmental products and services, system equipment, ancillary products, and investment holding. Currently, most of its revenue is derived from its environmental products and services segment.
While continuing to improve the performance of its core business, BTech said it aims to expand its revenue base by exploring alternative income streams. The company noted that income from property rentals — currently classified under its investment holding division — has been increasing, prompting the group to reorganise its operations.
“The group plans to carve out its property rental activities into a dedicated business segment, namely property investment, to enable more focused management and growth,” BTech said.
The company added that its entry into the property investment business will allow it to generate returns through rental income and potential gains from the resale of investment properties. BTech views the move as a way to ensure stable recurring income while balancing its exposure to cyclical market conditions in its existing environmental services operations.
