KUALA LUMPUR: Berjaya Land Bhd (BLand) has withdrawn from a proposed housing and mixed development project on 12 parcels of land in Dagon Seikkan township in Yangon, Myanmar.
In a filing with Bursa Malaysia, the group said its 80%-owned subsidiary BDS Smart City Co Ltd had on March 1, served a written notice on the Yangon region government to terminate the concession agreement dated Feb 7, 2020 and withdraw from the proposed development due to non-fulfilment of conditions precedent.
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