Dijaya will have 365.2ha after merger exercise

Posted on | August 11, 2012

By BUSINESS TIMES

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.

- Malaysia Property News

You might also like

Dijaya in amalgamation deals worth RM950mil By THE STAR PETALING JAYA: Dijaya Corp Bhd has entered into agreements with several vendors for a...

Dijaya: New projects may fetch up to RM2,500 psf By BUSINESS TIMES MARKET TREND: Developer upbeat on W Kuala Lumpur Hotel & Residences project DIJAYA...

Dijaya keen on RRIM land By THE STAR PETALING JAYA: Dijaya Corp Bhd is interested to tender for parts of the Rubber Research...

Dijaya proposes name change to Tropicana Corp By THE STAR PETALING JAYA: Dijaya Corp Bhd has proposed to change its company name to Tropicana...