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Malaysia’s Meta Bright Group Bhd is expanding its hospitality business into East Malaysia, extending its Renai Hotel brand to Kota Kinabalu through the Damai Suites development as it pivots toward a recurring-income model.
Managing Director Lee Chee Kiang said this is a strategic shift from the group’s traditional “build-and-sell” to the long-term, cash-flow generating operations of “own-and-operate” model.