Oilcorp to list property and resort arm

Posted on | September 18, 2007

By BERNAMA

KUALA LUMPUR: Oilcorp Bhd’s property and resort management arm, D’Tiara Corp Sdn Bhd, is en route to listing on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE).

Oilcorp said in a statement yesterday it had appointed international financial services firm Libertas Capital Group plc adviser for the flotation.

D’Tiara is involved in property development, resort operation and property investment. It owns and manages the D’Tiara Beach Resort in Port Dickson.

Executive director Phua Yow Liang said the company’s property development projects were capital intensive and that the impending listing would unlock the true value of D’Tiara’s property bank, brand name and management expertise.

He said Oilcorp would inject the D’Tiara Beach Resort and three other projects – D’Tiara Waterfront Resort on Pulau Indah, D’Tiara AmanahRaya corporate offices/hotel suites in KL Sentral and D’Tiara Leisure and Health Resort in Genting Sempah – into the AIM-listed entity

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