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Damansara Realty receives EPU’s approval for land in Johor


KUALA LUMPUR: Damansara Realty Bhd (DBhd) has obtained the Economic Planning Unit’s (EPU) approval for a land acquisition which is part of its proposed RM141.5mil settlement agreement with Johor Corp (JCorp), allowing it to reduce its net current liabilities and return its balance sheet to health.

In a statement, DBhd said its associate company DAC Properties received the EPU’s approval on Nov 22, and has completed the acquisition of 53.14 acres of land for RM130.3mil from JCorp.

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