<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 29): Damansara Realty Bhd is disposing of a shop-office to one of its indirect major shareholders Datuk Daing A Malek Daing A Rahaman for RM2.64 million in cash.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Damansara Realty said its wholly-owned subsidiary Damansara Realty (Johor) Sdn Bhd (DRJ) had entered into a sale and purchase agreement today with Malek for the purpose of the disposal.</p></div>

<div class=newsTextDataWrapInner><p>The property is a 6,750 sq ft three-storey shop-office in Taman Damansara Aliff in Johor Bahru. The initial selling price was at RM3.3 million but was sold at a 20% discount to Malek.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Discount on the sale of property given to the public is between the range of 10% up to 20%. Hence, the discount given to the related party is considered reasonable and on normal commercial terms which are not more favourable to the related party than those generally available to the public," Damansara Realty said.</p></div>

<div class=newsTextDataWrapInner><p>It added that the disposal will not have any material effect on the earnings per share, gearing and net assets per share of the group for the financial year ending December 31, 2019.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Damansara Realty closed up 0.5 sen or 1.02% to 49.5 sen for a market capitalisation of RM157.59 million.</p></div>


Damansara Realty Bhd is disposing of a shop-office to one of its indirect major shareholders Datuk Daing A Malek Daing A Rahaman for RM2.64 million in cash.

In a filing with Bursa Malaysia today, Damansara Realty said its wholly-owned subsidiary Damansara Realty (Johor) Sdn Bhd (DRJ) had entered into a sale and purchase agreement today with Malek for the purpose of the disposal.

Damansara Realty sells shop-office in JB to major shareholder

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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

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<p>Luxchem Corp Bhd’s net profit for the first quarter ended March 31, 2024 (1QFY2024) surged over 54% to RM11.56 million or 1.08 sen per share from RM7.5 million or 0.7 sen per share a year earlier on the back of stronger earnings from both its trading and manufacturing segments.</p>

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<p>KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.</p>


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<p>Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.</p>
