By Sharen Kaur
sharen@nstp.com.my
Published in NST on May 26, 2012
KUALA LUMPUR: Bandar Raya Development Bhd's (BRDB) planned
disposal via tender of its 100 per cent stake in BR Property Holdings
Sdn Bhd (BRPH) and selected investment properties for more than RM900
million is still ongoing, a top official said.
BRDB head of retail operations John Sironic said the group is currently working with its financial adviser CIMB Investment Bank Bhd for the asset sale.
"We are working with CIMB to assist the group to implement the proposed disposal in an efficient manner and will be making an announcement on the matter in due course,"he said.
Sironic was speaking to Business Times at the official opening of Pikom ICT Mall Capsquare here yesterday.
In September last year, BRDB received an offer from Ambang Sehati Sdn
Bhd to buy Bangsar Shopping Centre (BSC), Menara BRDB and CapSquare
Retail Centre in Kuala Lumpur, as well as Permas Jusco Mall in Johor for
RM914 million.
BSC and Menara BRDB are parked under BRDB's wholly-owned unit BRPH. Ambang Sehati is 26 per cent controlled by BRDB chairman Datuk Mohamed Moiz Jabir Mohamed Ali Moiz. He also has an 18.8 per cent stake in BRDB.
BRDB accepted the offer after taking into account the advice and opinion of its main adviser CIMB and independent adviser Public Investment Bank Bhd.
But a month later, BRDB and Ambang Sehati mutually terminated talks for a tender to take place.
It is understood that BRDB will call for a tender by the end of this year or early next year.
Business Times reported last year that BRDB had received three offers from institutional investors for the key assets.
On the group's integrated real estate tourism project in Muscat, Oman, Sironic said development plans are being submitted and the group aims to launch the project's master plan in 2013.
The Pikom ICT mall, launched by Public Accounts Committee chairman Datuk Seri Azmi Khalid, is a new digital lifestyle mall with 102 kiosks, featuring a complete range of information and communication technology products and electronic gadgets.
sharen@nstp.com.my
Published in NST on May 26, 2012
BRDB head of retail operations John Sironic said the group is currently working with its financial adviser CIMB Investment Bank Bhd for the asset sale.
"We are working with CIMB to assist the group to implement the proposed disposal in an efficient manner and will be making an announcement on the matter in due course,"he said.
Sironic was speaking to Business Times at the official opening of Pikom ICT Mall Capsquare here yesterday.
BSC and Menara BRDB are parked under BRDB's wholly-owned unit BRPH. Ambang Sehati is 26 per cent controlled by BRDB chairman Datuk Mohamed Moiz Jabir Mohamed Ali Moiz. He also has an 18.8 per cent stake in BRDB.
BRDB accepted the offer after taking into account the advice and opinion of its main adviser CIMB and independent adviser Public Investment Bank Bhd.
But a month later, BRDB and Ambang Sehati mutually terminated talks for a tender to take place.
It is understood that BRDB will call for a tender by the end of this year or early next year.
Business Times reported last year that BRDB had received three offers from institutional investors for the key assets.
On the group's integrated real estate tourism project in Muscat, Oman, Sironic said development plans are being submitted and the group aims to launch the project's master plan in 2013.
The Pikom ICT mall, launched by Public Accounts Committee chairman Datuk Seri Azmi Khalid, is a new digital lifestyle mall with 102 kiosks, featuring a complete range of information and communication technology products and electronic gadgets.
No comments:
Post a Comment