I believe that by next year, with what we have now, we can see a turnaround in the earnings,” said Ong. While OCR has diversified into property development, it still maintains Takaso’s old business of manufacturing rubber and baby products. Ong came on board the company late last year after the mid-sized developer OCR Land Holdings Sdn Bhd acquired a 13.81% stake in Takaso. Ong’s confidence in the turnaround of OCR stemmed from a project management consultancy project it secured last week. OCR said in a filing with Bursa Malaysia that the total estimated profit attributable to OCR from the PMC was RM91mil over the seven-year construction period.

Source: The Star September 18, 2016 23:47 UTC