BRIEF-Damansara Realty Announces Joint Land Development Agreement Between Umit And Active Estates Sdn

May 14 (Reuters) - Damansara Realty Bhd:

* ANNOUNCES JOINT LAND DEVELOPMENT AGREEMENT BETWEEN DAC LAND SDN. BHD AND ACTIVE ESTATES SDN. BHD

* PARTIES AGREED TO JOINTLY CARRY OUT A DEVELOPMENT OF SIXTY EIGHT (68) UNITS OF 3-STOREY AND 4-STOREY FREEHOLD COMMERCIAL SHOP LOTS

* PARTIES AGREE THAT DACL SHALL BE ENTITLED WITH A SUM OF 41.6 MILLION RGT

* PROFIT SHARING FROM GROSS DEVELOPMENT VALUE OF THE DEVELOPMENT IS ARRANGED AT A RATIO OF 40:60 BETWEEN DACL AND AESB RESPECTIVELY Source ( https://bit.ly/2W1U0vK) Further company coverage:

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