Ann: Annual Report to shareholders, page-7

A RM100m office space does sound fairly extravagant, but when you compare it to the $RM74.6m they sold their office for last year, in truth, it's a 33% uplift in the cost of the office they have operated out of for more than 5 years. The business is materially larger now and more than 500 staff are operating now out of what is a fairly pokey little building in terms of the scale of the operation.

They customarily have a circa 40% gross margin, so I prefer to think of the space being occupied as a RM66m uplift in profit waiting to happen.

They need to operate from somewhere, as a builder I would prefer it to be out of a space they have built themself that they don't need to pay rent for - Eternalgrowth