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Friday, December 18, 2009

YTL Land to buy half of PDC Heritage Hotel

YTL Land and Development Bhd plans to buy a 50 per cent stake in PDC Heritage Hotel Sdn Bhd (PDC) for RM14.6 million.

The deal is a related party transaction as PDC is a subsidiary of YTL Hotels & Properties Sdn Bhd.

PDC owns a parcel of leasehold commercial land measuring about 1.4 hectare located along Lebuh Farquhar, George Town, Pulau Pinang.

By Business Times

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