Berjaya Assets looks to raise RM1bil for reclamation works in JB

BAssets executive director Koh Huey Min(filepic) said at an investors briefing that BAssets had obtained the rights to reclaim 55 acres of seabed for development, situated beside its existing development Berjaya Waterfront Sdn Bhd. Reclamation works are expected to begin in 2018 after the necessary approvals are obtained. BAssets owns entities such as Berjaya Times Square in Kuala Lumpur (pic)

KUALA LUMPUR: Berjaya Assets Bhd (BAssets) is looking to raise close to RM1bil via the equity markets to fund reclamation works for its 55-acre piece of land in Johor Baru, although the timeline is still fluid.

BAssets executive director Koh Huey Min said at an investors briefing that BAssets had obtained the rights to reclaim 55 acres of seabed for development, situated beside its existing development Berjaya Waterfront Sdn Bhd.