Speaking to StarBiz after its 21st AGM in Kuala Lumpur yesterday, BDB group managing director Datuk Izham Yusoff said the date of the new EGM had yet to be set as PKNK needed time to look into the matter and that nothing had been disclosed to BDB just yet.
KUALA LUMPUR: Bina Darulaman Bhd
(BDB) plans to launch two affordable housing projects in Kedah worth RM152.11mil within the year, which would make up some 70% of the total GDV of RM485mil for projects it aims to launch in 2016.
Indera Affordable Apartment in Taman Tunku Intan Safinaz in Jitra would feature two blocks containing 336 units of apartments with a GDV of RM59.28mil and an unnamed development in Darulaman Perdana would consist of 312 units of affordable apartments with a GDV of RM92.83mil, BDB group managing director Datuk Izham Yusoff said after the company’s AGM on Thursday.
Currently the company has some 2,000 acres of undeveloped land, mostly in Kedah (including Langkawi) and 8.5 acres in Kuala Kangsar, Perak.
On the postponement of BDB’s planned EGM scheduled for Thursday (after the AGM) to table the proposed long term incentive plan on major shareholder Kedah State Development Corp’s (PKNK) request, Izham said he did not foresee any issue arising from the plan.
“Don’t read too much into it. If the majority of shareholders want this, then so be it,” he said.
PKNK has 67.28% equity interest in BDB.
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