BLand terminates Myanmar mission

KUALA LUMPUR: Berjaya Land Bhd (BLand) has withdrawn from a proposed housing and combined improvement mission on 12 parcels of land in Dagon Seikkan township in Yangon, Myanmar.

In a submitting with Bursa Malaysia, the group mentioned its 80%-owned subsidiary BDS Good Metropolis Co Ltd had on March 1, served a written discover on the Yangon area authorities to terminate the concession settlement dated Feb 7, 2020 and withdraw from the proposed improvement as a result of non-fulfilment of circumstances precedent.

The termination has no impact on the issued share capital and substantial shareholders’ shareholdings of BLand.

The termination can also be not anticipated to have any materials impact on the web belongings, earnings and gearing of BLand for the monetary yr ending June 30, 2022.


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