BJLAND

0.370

-0.005 (-1.3%)

OTHERS PROPOSED HOUSING AND MIXED DEVELOPMENT PROJECT IN YANGON, MYANMAR

BERJAYA LAND BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED HOUSING AND MIXED DEVELOPMENT PROJECT IN YANGON, MYANMAR

Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 7 February 2020 in relation to the Proposed Development.

 

Further to the announcement dated 7 February 2020, the Board of Directors of Berjaya Land Berhad wishes to provide the following additional information:-

 

1. No valuation was carried out on the Land as the Consideration was arrived at after taking into consideration the location and development potential of the Land and the exclusive ownership and development rights of BDS over the Land for the duration of the Concession Period; and

 

2. The computation of the consideration for the YRG’s Parcels comprising affordable housing with an estimated net floor area of about 242,800 square metres amounting to USD182.76 million (about RM747.49 million) was based on the estimated market value of affordable housing in the Dagon Seikkan, Yangon area of about USD70 per square foot.

 

This Announcement is dated 13 February 2020.

 






Announcement Info

Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 13 Feb 2020
Category General Announcement for PLC
Reference Number GA1-13022020-00038