Plans for FHL
4 October, 2014, 12:00 am
FIJIAN Holdings Limited (FHL) Group plans for the next 12 months include the commencement of cinema operations in Nadi, investment in the energy sector and possible acquisitions and mergers of the property portfolio.
And even before commencing the cinema operations, the company received enquiries to manage other proposed cinemas, indicating strong faith in their style of management.
In its 2014 annual report, the company states Fijian Holdings Group will continue to pursue new areas of business that will complement their strategies and align well with their vision.
At present, it states FHL is working on taking at least two of its subsidiaries public.
“This would provide a fair return to FHL, which toiled hard to develop these entities while promoting a share-owning corporate democracy in Fiji.
“This is one way in which we achieve our mission of facilitating iTaukei participation in commercial enterprise.
“Our recent strategic investments are delivering the results we expected, and going forward, we are confident that the group will continue to enjoy sustained growth and will achieve higher returns on our capital employed in the medium to long term on the back of these investments.”
As the company continues to grow, it said the challenge for the future lay not only in protecting their existing investment but also prudently exploring new investment sources to maximise shareholder wealth.