DFZ Capital Bhd ... July 2008

DFZ Capital Bhd has emerged as the dominant player in the duty-free market along the Malaysia-Thailand border following the completion of its acquisition of the entire equity interest in Emas Kerajang Sdn Bhd (ERSB) in January 2008.

The acquisition of ERSB at RM40 million represented a synergistic move for the DFZ Group to further capture the duty-free market via its Zon shopping centres nationwide and dominate the industry.

*** DFZ Group signed a shares sale and purchase agreement with Atlan Holdings Bhd in September 2007 for ERSB, which owns and operates a duty-free complex at Padang Besar in Perlis. The duty-free complex offers one-stop shopping at the Malaysia-Thailand border crossing ***

DFZ already had a presence at the Malaysian-Thailand border through its subsidiary operating in Bukit Kayu Hitam, Kedah and Rantau Panjang, Kelantan.
Besides those at the Malaysian-Thailand border, DFZ also operates duty-free shopping centres in Langkawi, Penang, the Klang Valley, Malacca, Tioman Island and Johor Bahru.

Financial Results …
In 2007, DFZ achieved profit after tax of RM18.57 million, 42.41% higher than the RM13.04 achieved in 2006. Its revenue for the year rose by RM29.04 million to RM304.97 million compared to 2006.