TTDI DEVELOPMENT Sdn Bhd has certainly proven its resilience as a property developer and looks set to continue its prowess as one of the major players in the property development scene, despite being put up for sale by its parent Pengurusan Danaharta Nasional Bhd.
Last Tuesday, Danaharta invited interested parties to take part in an open tender for the entire 223,000,002 RM1 shares in TTDI Development. The shares represent 100% of TTDIs issued and paid-up capital. The offer for sale of TTDI is not the normal Danaharta open tender sale, which usually involves non-performing loan (NPL) borrowers.