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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS COMPULSORY LAND ACQUISITION OF CERTAIN PARTS OF LANDS HELD BY DAMANSARA REALTY (PAHANG) SDN BHD IN DAERAH KUANTAN (Compulsory Acquisition):

DAMANSARA HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
COMPULSORY LAND ACQUISITION OF CERTAIN PARTS OF LANDS HELD BY DAMANSARA REALTY (PAHANG) SDN BHD IN DAERAH KUANTAN (Compulsory Acquisition):

We refer to the previous announcements dated 19 January 2021, 15 June 2020, 29 June 2020, 4 November 2020 and 4 December 2020 (“Announcement”) on the above subject matter. Unless otherwise defined, the terms used herein shall have the same meaning as those defined in the Announcement.

 

Pursuant to the Kuantan High Court’s (“Court”) case management before YA Dato’ Haji Zainal Azman bin Ab. Aziz yesterday (6 April 2021), the Board wishes to update the following developments on the case:-

 

(a) Damansara Realty (Pahang) Sdn Bhd (“DRPSB”) informed the Court on the change of its solicitors;

 

(b) DRPSB informed the Court that it had filed to the Court its Valuation Report prepared by DRP’s appointed valuer, Messrs Knight Frank, and had served the same to the State Legal Advisor (who represents Pendaftar Tanah Daerah Kuantan, the Respondent in this case);

 

(c) The State Legal Advisor informed the Court that its Valuation Report to be prepared by Jabatan Penilaian dan Perkhidmatan Harta (“JPPH Report”) was still not ready;

 

(d) As such, the Court directed the parties as follows:-

 

(i) The State Legal Advisor/Pendaftar Tanah Daerah Kuantan is to file and serve the JPPH Report by 5 May 2021;

 

(ii) DRPSB is to file their rebuttal to the JPPH Report (which should include common comparables) by 8 June 2021; and

 

(iii) The final case management is fixed on 16 June 2021.

 

The Company will announce further material development arising from the above matter at the appropriate time.

 

This announcement is dated 7 April 2021.






Announcement Info

Company Name DAMANSARA HOLDINGS BERHAD
Stock Name DBHD
Date Announced 07 Apr 2021
Category General Announcement for PLC
Reference Number GA1-06042021-00045