Saturday, 5 May 2012

DKLS inks HoA with PKNS for mixed development in PJ with GDV of RM1.5b

KUALA LUMPUR (May 5): DKLS INDUSTRIES BHD [] has inked a heads of agreement with the Selangor State Development Corporation (PKNS) to collaborate in the redevelopment of a 15.9-acre area in Petaling Jaya into a mixed development comprising commercial, retail and residential units.

The company said on Friday that the gross development value of the Proposed Redevelopment was estimated at the range of RM1.5 billion.

On the rationale for the company to participate in the proposed drdevelopment, DKLS said it was to complement its corporate strategy to pursue new business opportunities at all times aiming to enhance returns from such investments.

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