QI Group’s MLM unit to be listed
On January 2, 2012, SunBiz, the business section of Malaysian daily The Sun, carried a feature on QI Director for Investment Management, Mr Kuna Senathirajah who spoke about the Group’s plans to list its multi-level marketing unit, QNet Holdings in two years. The move is expected to take place only when market conditions improve.
QNet is not only the flagship subsidiary of the QI Group, but also the main revenue generator that has allowed this multimillion dollar conglomerate to diversify at such a rapid rate.
‘We expect to maintain our growth and we are being realistic. Our direct selling business will remain the main revenue and profit contributor for 2012, followed by our telecommunication business,” Senathirajah told reporters.
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