Damansara Realty current liabilities drop 85% after acquisition of land


PETALING JAYA: Property group Damansara Realty Bhd’s net current liabilities has been reduced by nearly 85%, following the acquisition of 53.14 acres from Johor Corporation (JCorp), the Johor state investment arm.

In a press release yesterday, Damansara Realty said that its associate company, DAC Properties has completed the RM130.3mil-worth land acquisition after receiving the green light from the Economic Planning Unit (EPU) on Nov 22.

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Business , DRB

   

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