Shin Yang Group Bhd has announced an increase in its capital expenditure (capex) plans for the upcoming financial year, aiming to strengthen its operational capacity and support long-term growth across its diversified business segments, including timber, construction, and property development.
The group said the increased allocation will focus on upgrading existing manufacturing facilities, expanding its production capabilities, and investing in environmentally sustainable technologies. These investments are expected to enhance operational efficiency and meet rising demand in both domestic and international markets.
Shin Yang’s management highlighted that the move aligns with the company’s long-term strategic plan to boost competitiveness and market share while ensuring sustainable growth.
“The additional capital expenditure reflects our commitment to modernize our operations and reinforce our presence in key sectors,” said the group’s CEO. “We are confident that these investments will position Shin Yang for stronger performance in the years ahead.”
The group also noted that the capex increase will be financed through a combination of internal cash reserves and bank borrowings, without materially affecting the company’s gearing or financial stability.
Shin Yang shares closed higher following the announcement, reflecting investor optimism about the company’s growth prospects.
