A Rock Group eyes acquisition opportunities to expand foothold
01 Jan 2021
Lifestyle developer A Rock Group Holdings Bhd is actively looking for growth opportunities by merging or acquiring new businesses to ensure it continues to expand and provide top quality services post-pandemic.
The pandemic has been a disruptive factor to the tourism sector, which means there are opportunities to tap into, said Marco Hong, chief executive officer (CEO)/director of A Rock Limestone Bhd, a subsidiary of A Rock Group.
“We believe for every crisis, there would be a market changer and leader. We are looking for same-minded entrepreneurs and investors to create value through our projects,” he told Bernama in an interview.
Hence, the company is targeting the hospitality and tourism industry according to the changes in both consumer spending habits and market structure post-COVID-19, said Yan Ng, CEO/director of A Rock Coral Reefs Bhd, another subsidiary of A Rock Group.
“We are glad that our first project A Rock Coral Reefs (a Maldives concept resort) in Langkawi is ready to serve not only the local but also the international market. We have also started the second project — A Rock Limestone, because we believe in Langkawi’s potential,” he said.
A Rock Limestone is a concept resort designed after the world-renowned holiday destination in Santorini, Greece.
“Besides, the pandemic will end with the arrival of the vaccine and the tourism market will rebound. During this hard time while most companies are struggling to survive, we are moving forward,” said Ng.
Aside from its project in Langkawi, with its financial resources, the group can help those who are badly affected by the pandemic, he added.
“We are looking for strategic partners with property and services in the tourism sector. The reason we can do this is because of our financial strength.
“Together, we believe our group and its business partners will generate profits through a mixture of steady revenue streams, ranging from retail, commerce, and hotel management businesses,” said Ng.