Dec 20 (Reuters) - Kresta Holdings Ltd (KRS) : COMPANY WILL...

Dec 20 (Reuters) - Kresta Holdings Ltd (KRS) :

• COMPANY WILL EVALUATE FEASIBILITY OF RATIONALISING ITS RETAIL FOOTPRINT AND CLOSING LOSS-MAKING STORES
• ANTICIPATES ACTION MAY RESULT IN A REDUCTION OF ITS RETAIL STORE FOOTPRINT BY ABOUT 10 TO 15 PERCENT
• HAS IDENTIFIED NEED TO EXPAND SALES FORCE FOR CUSTOM MADE WINDOW TREATMENT BUSINESS SECTOR
• SUNTARGET AND APLUS HAVE EACH TO ADVANCE SUBORDINATED, UNSECURED, INTEREST-FREE LOAN TO CO OF UP TO $10 MILLION
• RESTRUCTURING INITIATIVES WILL DRIVE AN INCREASE IN REVENUE OF $3 MILLION TO $4 MILLION IN NEXT 12 MONTHS
• EFFICIENCIES WILL BE OBTAINED THROUGH LEASING UNDERUTILISED FACILITIES, WITH EXPECTED RENTAL INCOME OF $1.1 MILLION TO $1.3 MILLION/ANNUM