Bolton Bhd, renowned for its finance business, is about to reposition and strengthen its foothold as a leading property developer with RM2.16 billion worth of development projects.

In a statement, executive chairman Datuk Mohamed Azman Yahya said, “We have successfully implemented stage one of our turnaround exercise, which was to clean up our balance sheet and to set the group on a more stable footing for future growth.”

He also added that the decision to refocus on its core business of property development will enable the company to realize its full potential and extract real value for shareholders by optimizing its asset utilization with a focus on improving returns on equity.

Bolton is currently developing a high-end luxury development in Bukit Tunku in Kuala Lumpur as well as mixed developments in Puchong, Senawang and Bandar Aman Jaya in Sungai Petani, Kedah – all with a combined Gross Development Value (GDV) of RM823 million.

As for future developments, the company has planned sea-view condominiums in Tanjung Bungah, residential units near Jalan Yap Kwan Seng and Jalan Ceylon in Kuala Lumpur with a total GDV of RM1.03 billion.