DBhd sells 70pc stake in HTS for RM11.04m
KUALA LUMPUR: Property developer Damansara Realty Bhd (DBhd) has sold its 70 per cent stake in Healthcare Technical Services Sdn Bhd (HTS) to Damansara Assets Sdn Bhd for RM11.04 million.
Shareholders yesterday approved the sale to Damansara Assets, the nominated company for Johor Corp, which holds a 30 per cent stake in HTS via its subsidiary, Kumpulan Perubatan (Johor) Sdn Bhd.
“This exercise will enable DBhd to take a strategic step towards optimising and restructuring its resources and offerings, after the transformation in streamlining its core businesses,” said DBhd in its announcement to Bursa Malaysia yesterday.
“We are pleased with the successful conclusion of the transaction, which accelerates the reinvestment in our business,” said group managing director Brian Iskandar Zulkarim.
“DBhd will continue to grow its project management consultancy (PMC) segment by broadening its offerings in project management services. We are looking to expand to other sectors, such as property development, transportation and oil and gas,” he added.
In line with its growth plan in PMC segment, DBhd will continue to be the master planner for the Gerehu general hospital in Port Moresby, Papua New Guinea, which has an estimated gross development value of RM1 billion, as well as collaborate with Axventure Sdn Bhd to develop a hospital for Universiti Teknologi Mara in Puncak Alam, Selangor. By Zarina Zakariah
Damansara Realty Bhd group managing director Brian Iskandar Zulkarim says the company will continue to grow its project management consultancy segment by broadening its offerings in project management services.