Awfis expands into furniture biz to tap new revenue stream, cut costs

Co-working solutions provider Awfis has entered the business of manufacturing and selling furniture, marking a notable diversification from its core co-working space operations. 

This move follows shareholder approval for amending the company’s Memorandum of Association to include this new line of business.

The company said the expansion is aimed at reducing costs associated with setting up and furnishing its coworking centres through vertical integration. By manufacturing and…