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Saturday, June 9, 2012

Dijaya buys boutique hotel for RM54m

KUALA LUMPUR: Property developer Dijaya Corp Bhd is buying a boutique hotel on a piece of freehold land in Kuala Lumpur from Multi-Purpose Holdings Bhd for RM54 million cash.

The hotel, built on a 1,106 sq m land, is located just two minutes walk from Tung Shin Hospital and five minutes walk away from China town.

“The proposed acquisition will provide the group with stable, long-term and sustainable income stream. With the prime location of the property, the group believes that the property will be invaluable for the group to improve its profitability and thus shareholders’ value,” said the company in its filing to Bursa Malaysia.

By Business Times

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