Damansara Realty lowers exercise price for proposed bonus warrants
It has decided to revise the exercise price of its proposed bonus warrants to 58 sen apiece, from 82 sen previously.
It has decided to revise the exercise price of its proposed bonus warrants to 58 sen apiece, from 82 sen previously.
The property developer first announced its plan to list its manufacturing unit on HKEX on Sept 29, 2016.
"The performance of the hotels and resorts business is expected to remain satisfactory, while the property market outlook is expected to remain lukewarm."
On Sept 21, Iris had received the sealed court order awarding the judgment in favour of Dipon.
Developer is putting on the back burner investments in countries such as India.
Last November, the group announced it won the tender to buy the plots for RM620.12 million.
Sky Awani 1 is a Federal Territories Housing (RUMAWIP) project in Sentul.
The cost for the RTS will also be finalised by the end of the year once its design is agreed by the operating company.
The homes are named Monet Lily and are part of the new Monet Residences development which sits on 15.8 acres of freehold land.
A similar charge had been imposed in other states including Selangor in 2010, Perak in 2012, and Kelantan and Kedah in 2015.