By Syarina Hyzah Zakaria of theedgeproperty.com
Tuesday, 23 October 2012 15:55
KUALA LUMPUR (Oct 23): Daya Materials Bhd's unit Daya Land and Development Sdn Bhd signed a memorandum of understanding (MoU) with Chang Cheng Realty Sdn Bhd to develop four pieces of land in Sabah with an estimated gross development value (GDV) of RM250 million.
In a filing on Bursa Malaysia, the group said the MoU is to jointly develop and construct a 28-storey retail block, forty blocks of four-storey shopoffices and eight blocks of three-storey shops in Penampang, Sabah.
The estimated gross development cost of the project is at RM120 million, it said.
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