KUALA LUMPUR: Mulpha Land Bhd (MLB) today announced that the Company has obtained its shareholders’ approval to change its name to Thriven Global Bhd, enhancing the company’s new leadership, focused business plans and positive growth trajectory.
Derived from the words ‘thrive’ and ‘driven’, Thriven Global, under its new management team led by Thriven Global Bhd executive chairman Datuk Fakhri Mahiaddin, plans to be a leader in the property market, set new standards and build innovative ‘forward living’ lifestyle projects for its customers.
“We have a dynamic and forward thinking team with vast and diverse business skills and experience in property development, facilities management and hospitality, as well as corporate finance and law. Our focused business plans and inventive product offerings will help drive us to become a leading property player in Malaysia,” says Datuk Fakhri.
“Thriven Global’s vision and mission is to be a market leader, set new standards and innovate lifestyle developments with passion and purpose. Offering a fresh approach to property development, this firm will embrace the concept of ‘total living’ through building vibrant communities with a harmonious blend of residential, commercial and public spaces. These are the qualities that will define Thriven Global’s dynamic vision in the Malaysian property market,” he adds.
As part of the name change, the main-board listed company will focus on growing its three business divisions, namely property development and investment, hospitality and lifestyle retail, as well as facility management. It will generate recurring income by investing in retail, commercial offices and car parks, and collaborate with F&B operators and grocers for investments.
In terms of growth trajectory, Datuk Fakhri said there are plans to build the company over the next five years to generate annual revenue of RM500mil. It expect to achieve this by elevating the company’s brand profile, increasing its land bank via purchase or joint ventures, besides engaging and building the trust of land owners.
The gross development value (GDV) of the on-going projects worth approximately over RM1.2bil, which are primarily located in the Klang Valley, Penang and Kedah. The developments consists of serviced apartments, service offices-home offices, bungalows and industrial land, terrace houses and shop lots.
“Thriven Global will continue to ensure operational efficiency, maximise resources, acquire and enlarge our land bank, develop more affordable and luxury properties, establish a stronger presence in the property market and register better revenues. That is our pledge to our shareholders and customers,” adds Datuk Fakhri.
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