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.
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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