Its executive chairman, Lee See Huang, said companies faced problems and hoped for recovery to grow.
"We are confident of the quality of our developments and assets and have a strong balance sheet to ride out of the current economic storm," he told a media briefing after the the company's annual general meeting today.
Mulpha is involved in real estate and property-related and financial services, with operations and investments in Malaysia, Vietnam, Singapore, China, Hong Kong and Australia.
By Bernama
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