FHL invest more than $63 million into new properties, plants and equipment

Fijian Holdings Group invested more than $63 million into new properties, plants and equipment in the last three years.

In a statement, FHL says during the current financial year ending June 2017 it invested $35.8 million in acquiring assets compared to an amount of 12.7 million invested in the previous financial year.

During the current financial year, the group invested in two new vessels for South Sea Cruises Ltd at a cost of $14 million followed by new equipment worth $6 million Life Cinema Ltd, $5 million worth of equipment for Basic Industries Ltd and building development to the value of $4 million at RB Patel Group.

According to the statement, Pacific Cement Ltd attracted investments of more than $2 million during the financial year.