Wednesday 28 March 2012

Flash: Bandar Raya to go ahead with disposal of units

KUALA LUMPUR (March 28): Bandar Raya Development Bhd will go ahead with the proposed disposal of BR Property Holdings Sdn Bhd, CapSquare Retail Centre and Permas Jusco Mall by a tender exercise

It said on Wednesday that at its board meeting on Tuesday that while Ambang Sehati Sdn Bhd, which was “still evaluating its plan to increase its stake in the company, which may or may not result in a general offer, has to-date been unable to confirm to the board its decision to proceed with this exercise”.

Bandar Raya said it was working with its legal and financial advisers namely Messrs Lee Hishammuddin Allen & Gledhill and CIMB Investment Bank Bhd to assist in implementing the proposed disposal.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...