It expects a major boost with the impending rebranding of its multi billion ringgit township development in Batang Kali, Selangor.
It has a GDV of rm3.3 billion which contribute about rm112.5 million annual to SBC Corp’s revenue over the next 15 years from 2013.
Moreover the rm1.8 billion development of Jesselton Waterfront in Sabah carries to SBC Corp and its joint venture Suria Capital.
Based on its 82% stake in JC Co, SBC’s GDV portion will amount to rm1.4 billion.
Its net asset value stood at rm3.59 a piece.
Most of its land was acquired between 2000 and 2004. Of its 47ha of land bank, 19ha is located in Prime locations like KL and Kota Binabalu. The remaining plots are in Ulu Selangor and Kuantan.
It was reported that SBC’s land bank, the revised net asset value would be rm5.86 per share.
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