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Saturday, May 5, 2012

DKLS, PKNS in property venture

PETALING JAYA: DKLS Industries Bhd and the Selangor State Development Corp (PKNS) will jointly participate in the redevelopment of a proposed mixed property project with a gross development value of RM1.5bil.

The property developer told Bursa Malaysia that it had entered into a heads of agreement with PKNS to redevelop a parcel of land including the Green Reserve and part of Section 17 in Petaling Jaya, measuring 6.4ha.

The mixed development would comprise commercial, retail and residential units, DKLS said.

By The Star

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