We reduced Cheetah holdings by half

we have eventually decided to reduce Cheetah taking this opportunity switched to Airasia, Affin, MBSB, Marco and Cypark.

We have hold Cheetah for many years but now we think they are no longer competitive and have strength.  Although NTA is still strong but in face of H&M and Uniglo.  We believe if these shops extending to all cities.  They will have a big impact to Cheetah.  Let’s not mention Padini also gaining market share covering the same segment.