SHAH ALAM: LBI Capital expects its commercial development in Sri Kembangan to be its main revenue contributor for the financial year ending Dec 31, 2008.Managing director Datuk Jeffrey Ng Chin Heng expressed confidence in the project comprising 100 units of two- and three- storey shoplots in Taman Pinggiran Putra in Sri Kembangan, which have a gross development value (GDV) of RM80mil. This project has been well received and has achieved 85% take-up since it was launched at the end of last year,? he said after the company EGM yesterday. Ng said the company planned to launch by year-end an industrial park on 36 acres in Puchong Perdana with a potential GDV of RM70mil.
(29-1-2008 The Star)
