Daya Materials signs MoU for RM250m GDV project in Sabah

KUALA LUMPUR (Oct 23): Daya Materials Bhd's unit Daya Land and Development Sdn Bhd signed a memorandum of understanding (MoU) with Chang Cheng Realty Sdn Bhd to develop four pieces of land in Sabah with an estimated gross development value (GDV) of RM250 million.

In a filing on Bursa Malaysia, the group said the MoU is to jointly develop and construct a 28-storey retail block, forty blocks of four-storey shopoffices and eight blocks of three-storey shops in Penampang, Sabah.

The estimated gross development cost of the project is at RM120 million, it said.

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