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July 06, 2015 6:03 PM ET

Real Estate Management and Development

Company Overview of Penang Development Corporation

Company Overview

Penang Development Corporation, through its subsidiaries, operates in property development, hotel and leisure, tourism, healthcare, construction, education, telecommunication, and agro-based sectors in Malaysia. It involves in planning, developing, selling, and managing land, townships, housing projects, urban renewals, high-end properties, condominiums, offices and shop lots, shopping centers, and clubs; and managing sale and rental of housing and commercial projects. The company also provides supply chain or ancillary and support services for small business enterprises to promote and develop their business activates; develops and leases business premises, including trade outlets, shops, st...

Bangunan Tun Dr Lim Chong Eu

No. 1 Pesiaran Mahsuri

Bayan Lepas,  11909

Malaysia

Founded in 1969

Phone:

60 4 634 0111

Fax:

60 4 643 2405

Key Executives for Penang Development Corporation

Deputy General Manager of Management & Support Services
General Manager
Deputy General Manager of Planning & Development
Special Advisor
Age: 47
Compensation as of Fiscal Year 2015.

Penang Development Corporation Key Developments

Sime Darby Property Bhd, Penang Development Corp. Ink Park Deal

SIME Darby Property Bhd has inked a deal with Penang Development Corp. to develop an industrial park in mainland Penang. The Small Medium Enterprise (SME) High-Tech Park will be developed on a former oil palm plantation measuring nearly 2,000ha in Byram and Changkat, 8km west of Nibong Tebal. Under the proposed master plan, Sime Darby Property will develop 376ha (18.8% of the land) for small and medium industries (SMIs) while PDC will develop 1,626ha (81.2%) for heavy, light and moderate industries, SMIs and mixed projects. Sime Darby Property's investment in the proposed project has been tagged at a development value of MYR 1.8 billion, while PDC's portion was not disclosed.

UDA Holdings To Consider Buying Penang Development's Shares In Tropical Island Resort

UDA Holdings Berhad will consider acquiring the shares of Penang Development Corporation in Tropical Island Resort Sdn Bhd if the state government agrees to lower the selling price, said UDA's Managing Director Datuk Ahmad Abu Bakar.

Vitrox Technologies Sdn. Bhd. Enter into Sale and Purchase Agreement with Penang Development Corporation for the Acquisition of Land

The Board of Directors of ViTrox Berhad announced that ViTrox Technologies Sdn. Bhd. has on 9 December 2014 entered into a sale and purchase agreement with Penang Development Corporation for the acquisition of a land at a total consideration of MYR 34,217,211.20. The property is known as all that piece of land situated in Daerah Seberang Perai Selatan and forming part of Mukim 13 the site whereof is marked Plot 323 (a) Batu Kawan Industrial Park and delineated and edged in red on the plan annexed thereto marked `A' of the Agreement and containing an area of 22.2389 acres.

Similar Private Companies By Industry

Company Name Region
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Plenitude Builders Sdn Bhd Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 16, 2015
299.64 Acres of Leasehold Land in Bandar Cassia, Batu Kawan
 

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