BUSINESS

DAMANSARA REALTY TO CONTINUE GROWING PROJECT MANAGEMENT BUSINESS

21/09/2018 09:07 PM

KUALA LUMPUR, Sept 21 (Bernama) – Damansara Realty Bhd (DBhd) will continue to grow its project management consultancy (PMC) segment following the divestment of its controlling stake in project management firm Healthcare Technical Services Sdn Bhd (HTS).

In a statement, the company said it would broaden its offerings in project management services by expanding to sectors such as property development, transportation and oil & gas. 

DBhd's shareholders today approved the sale of its 70 per cent stake in HTS, a provider of hospital planning and design services, to Johor Corporation's (JCorp) nominated company Damansara Assets Sdn Bhd for RM11.04 million. JCorp currently owns the remaining 30 per cent of HTS. 

The sale, DBhd said, would enable it to take a strategic step towards optimising and restructuring its resources and offerings, after the transformation in streamlining its core businesses.

“We are pleased with the successful conclusion of this transaction which accelerates the reinvestment in our business,” said Group Managing Director Brian Iskandar Zulkarim.

DBhd also said in line with its growth plan in the PMC segment, the group would continue as the master planner for the Gerehu General Hospital, Port Moresby, Papua New Guinea, with an estimated gross development value of RM1 billion, as well as collaborating with Axventure Sdn Bhd in developing a hospital for Universiti Teknologi MARA in Puncak Alam, Selangor.

 – BERNAMA

 


 


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