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TET: What is the current business model and outlook?
Apart from the beauty products business that has been growing continuously, we have added new businesses to enhance product variety and diversify risks. In 2018, a subsidiary; Dream Dermatology Co., Ltd. was established to engage in distributing a cosmetic dermatology brand Oxe Cure that was acquired from Well Grow Med Co., Ltd. We have executed marketing activities and rebranded the product to improve the business gradually. Meanwhile, we have always been on the lookout for new opportunities to add to the portfolio. At the beginning of 2020, we expanded to the beauty equipment business, with the acquisition of shares of Kuron Co., Ltd. who owns the brands Lesasha and Sparkle.
IPOH: The total revenue collected by the Perak state government last year decreased by 10 per cent or RM111.4 million from RM1.09 billion collected in.