Damansara Realty de-gears its operations

FEW people have taken a look at Damansara Realty Bhd in a long time. That's the reason its share price is still around 10.5 sen.  

After defaulting on interest payments in 2001, it has made efforts to reduce its debts. The office complexes that formed Damansara Town Centre were taken over by its parent company, the Johor Corp group. That provided relief in reducing the bulk of Damansara Realty's debts.