The Tans are making their presence felt in Penang.
The Tan brothers are involved in two of the biggest deals on the island in recent months.
Vincent’s Berjaya had signed a deal to buy 57 acres of super-prime land from the Penang Turf Club.
Now, younger brother Danny has landed at Bayan Mutiara via Dijaya
Corp’s tie-up with Ivory Property. The Penang World City project, which
involves a whopping 103 acres of super-prime sea-front land at Bayan
Mutiara (between the two Penang bridges) including land to be reclaimed,
has a gross development value of RM10bn. (The land was bought from PDC
for RM1.1bn.)
Danny has a 31 per cent stake in Dijaya, according to the firm’s 2010 Annual Report.
See this Business Times article.
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