June 20, 2018 7:02 PM ET

Real Estate Management and Development

Company Overview of Daisho Asia Development (M) Sdn. Bhd.

Company Overview

Daisho Asia Development (M) Sdn. Bhd. acquires and develops real estate properties in the hospitality sector. The company was founded in 1996 and is based in Kuala Lumpur, Malaysia.

Hilton Kuala Lumpur

3 Jalan Stesen Sentral

Kuala Lumpur,  50470

Malaysia

Founded in 1996

Phone:

60 3 2274 6507

Key Executives for Daisho Asia Development (M) Sdn. Bhd.

Daisho Asia Development (M) Sdn. Bhd. does not have any Key Executives recorded.

Daisho Asia Development (M) Sdn. Bhd. Key Developments

Tada Looking To Sell Hilton Kuala Lumpur

Katsumi Tada is seeking a buyer for Hilton Kuala Lumpur Hotel, documents show. Tada, who owns the hotel via Daisho Asia Development (M) Sdn. Bhd., is believed to be looking at selling the hotel for as much as MYR 880 million, sources say. An investment memorandum (IM) obtained by The Edge reveals that Savills Hotels and Savills (M) Sdn Bhd have been appointed as the exclusive agent for the sale of Hilton Kuala Lumpur. When contacted, an official with Savills Malaysia declined to comment. The asset is being offered for sale via an expression of interest, which means that the offer is generally non-binding. No financial information was provided in the IM. "Detailed information on the property, including trading and financial information, building details and ownership structure, is available for review and can be obtained upon execution of a confidentiality agreement," the document reads.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 15, 2017
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