DBE to venture into property development

DBE announced that it will undertake a proposed joint development with Misi Jutari Sdn Bhd for the construction and development of a mixed development project across 3.77ha of freehold land in Bota Kanan, Seri Iskandar, Perak, with a gross development value (GDV) of RM24.5mil.

PETALING JAYA: Integrated poultry company DBE Gurney Resources Bhd is planning to go into property development as the loss-making company seeks to return to profitability.

In a Bursa Malaysia filing yesterday, DBE announced that it will undertake a proposed joint development with Misi Jutari Sdn Bhd for the construction and development of a mixed development project across 3.77ha of freehold land in Bota Kanan, Seri Iskandar, Perak, with a gross development value (GDV) of RM24.5mil.