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Saturday, August 11, 2012

Dijaya will have 365.2ha after merger exercise

KUALA LUMPUR: Dijaya Corp Bhd’s proposed amalgamation exercise, upon its completion by the fourth quarter of this year, will see the group having a landbank of 365.2ha with an estimated gross development value of RM38 billion.

In a filing to Bursa Malaysia yesterday, the company said these landbanks in the Klang Valley, Johor, Penang and Sabah will be developed over the next 10 to 15 years.

The lettable areas of investment properties will increase to about 1.4 million sq ft from the current 550,000 sq ft and it will generate a more stable and recurring income for the group.

By Business Times

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