Sin Chew Daily , 8 October 2011 - Dijaya develops project worth RM650 million through land acquisition

Sin Chew Daily , 8 October 2011

Dijacor Institution (DIJACOR, 5401, Main Board Sector) announced that it would spend RM65.25 million on the acquisition of three pieces of freehold land in Sultan Ismail Road, Kuala Lumpur, to develop RM650 million worth of comprehensive industrial projects.

Dijaya said in a press statement that as this land is located in the centre of Kuala Lumpur and enjoys a huge potential for development as the location is very strategic. It is estimated that residential and commercial property promoted by this development project will be sold at a premium and make a good contribution to the future earnings.