Some public listed companies sell their assets because they need cash to repay debts. This is so that they do not need to service huge interests on those debts. Some companies prefer to buy assets which can provide stable returns. For example, buying a mall which is has over 85 percent occupancy. Some companies will prefer not to hold too much assets which does not generate returns beyond potential appreciation many years later.
S P Setia is aiming for an asset-light strategy for competitiveness
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