KUALA LUMPUR: Selangor Dredging Bhd (SDB) reiterated that it had been getting strong interest in its Hotel Maya Kuala Lumpur property for the past six months.

“As a business owner, SDB is always open to any business opportunities that may arise and is also on the lookout for any prospective business development potential,” it said in a filing with Bursa Malaysia yesterday.

The property developer was commenting on The Edge weekly’s report published on Saturday, which said SDB had put the five-star hotel in the market at an estimated RM230 million to focus on its core property development business.

“At this point of time, SDB has neither received any offer nor entered into any sale and purchase agreement (SPA) with any party. SDB will make the necessary announcement on the details, in the event that it enters into a formal SPA,” it said.

The group said it had appointed Zerin Properties to be the exclusive agent to accommodate all the enquiries and queries from parties interested in Hotel Maya.

SDB (fundamental: 1.30; valuation: 3) shares closed 4.62% higher at RM1.02 yesterday, with a market capitalisation of RM434.65 million.

The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for details on a company’s financial dashboard.

This article first appeared in The Edge Financial Daily, on May 12, 2015.