KUALA LUMPUR: Talam Corporation Bhd targets to reduce its existing RM1.1 billion debt to a manageable RM300 million under its revamp, which it hopes to be approved by the Securities Commission by month-end. Talam has awarded IJM Construction Sdn Bhd as principal contractor for its existing projects which include Taman Lestari Puchong, Saujana Puchong, Saujana Putra, Lestari Permai and Jalil Heights which will begin work in February. Other projects include Puncak Jalil, Ukay Perdana, Putra Perdana, Kinrara Section 3, Bukit Beruntung and Lagoon Perdana. Chua said Talam has about 3,200ha of land in the Klang Valley that are yet to be developed, with some 25% in prime locations.
(15-1-2008 The Edge)
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