KUALA LUMPUR: DIJAYA CORPORATION BHD [] shares advanced on Thursday, June 9 as investors were positive on its plans to expand its landbank and venture into new projects.
At 9.25am, Dijaya was up six sen to RM1.20 with 58,000 shares traded.
On Wednesday, it announced it had acquired four parcels of freehold land in Subang for RM385.5 million to be developed into a mixed residential and commercial development with an expected total gross development value (GDV) of RM2.5 billion.
Dijaya said its subsidiary Tropicana Subang Development Sdn Bhd (formerly known as Tropicana Mall Management Sdn Bhd), has entered into a sale and purchase agreement with Chunghwa Picture Tubes (Malaysia) Sdn Bhd to acquire the 88.5 acres in Pekan Country Heights Selangor, Subang.
The residential development would consist of condominiums, linked houses, semi-detached houses and bungalows, while the commercial development will feature retail, shopping mall and office lots as well as serviced apartments.
At 9.25am, Dijaya was up six sen to RM1.20 with 58,000 shares traded.
On Wednesday, it announced it had acquired four parcels of freehold land in Subang for RM385.5 million to be developed into a mixed residential and commercial development with an expected total gross development value (GDV) of RM2.5 billion.
Dijaya said its subsidiary Tropicana Subang Development Sdn Bhd (formerly known as Tropicana Mall Management Sdn Bhd), has entered into a sale and purchase agreement with Chunghwa Picture Tubes (Malaysia) Sdn Bhd to acquire the 88.5 acres in Pekan Country Heights Selangor, Subang.
The residential development would consist of condominiums, linked houses, semi-detached houses and bungalows, while the commercial development will feature retail, shopping mall and office lots as well as serviced apartments.
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