Bandar Raya Development (BRDB) has received a letter of offer from its major shareholder Ambang Sehati to buy the former’s assets at the price to be determined later. Ambang Sehati is keen to buy the company’s prime asset Bangsar Shopping Complex, CapSquare Retail Centre in KL and Permas Jusco Mall in Johor. These properties carry a total value of RM942m based on a revaluation exercise that was carried out at end-December 2010. (Financial Daily)
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